Firsthand Witness To The Fall by Shawn Clay

The defense will try to show that it only did with some things, but not all things.'īalwani has also been criminally charged for fraud and will face a trial at a later date.Īn assistant U.S. The government showed that the buck stopped with Elizabeth Holmes. The government has emails, text messages and all kinds of documents. 'The defense has to contend with really undisputed facts that Holmes was the boss and that this technology didn't work,' Cevallos said. But there's a lot of prosecution evidence that she can be cross-examined about that she probably won't have a good answer for.'ĭefense lawyers continued that line of attack during witness cross-examinations, claiming that Holmes placed blind faith in Balwani and put too much trust in her lab directors.Ĭevallos said the defense faces the challenge of showing that Holmes wasn't always the one in charge and that she didn't intentionally mislead investors and patients.

'She's a very risky person to have testify,' said Danny Cevallos, an NBC News legal analyst who's been tracking the case.

Jurors have heard Holmes' voice several times, including on Thursday, as conversations were played aloud from Parloff's recordings.īut they've yet to hear directly from Holmes, and the central question now is if they ever will. Now that the government has rested, the focus moves to Holmes' defense, which is set to begin immediately. The Stanford University dropout and former Silicon Valley wunderkind could spend up to two decades in prison if she's convicted. One of the counts related to a patient was dropped Friday. Holmes, 37, pleaded not guilty to 11 counts of wire fraud and conspiracy to commit wire fraud. Prosecutors claimed the Theranos founder used the article to woo investors, who piled into the blood-testing company, eventually valuing it at $9 billion. The government's final witness, on Thursday, was journalist Roger Parloff, who wrote the 2014 Fortune magazine cover story, 'This CEO Is Out For Blood,' profiling Holmes. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Firsthand Witness To The Fall by Shawn Clay