Wed. Dec 1st, 2021

Tuesday’s full trial day in federal court in the United States is scheduled to be the longest piece of evidence for Holmes, who pleaded not guilty to nine counts of wire fraud and two counts of conspiracy.

Theranos founder Elizabeth Holmes appeared in federal court in the United States on Tuesday to take a third-day stand in her own defense in her trial on fraud charges related to the start that once promised blood tests. revolutionize.

The full trial day is scheduled to be the longest piece of evidence to date for Holmes, 37, who spent about two-and-a-half hours at the stall to discuss Theranos’ technology and his positive performance in early studies.

About 50 journalists and spectators gathered at the courthouse in San Jose, California, early Tuesday morning to hear Holmes testify.

She is accused of lying about Theranos, who has developed technology that can perform diagnostic tests faster and more accurately than traditional laboratory tests with a drop of blood from a finger prick.

Once valued at $ 9 billion, Theranos collapsed after The Wall Street Journal published a series of articles that began in 2015 suggesting that its devices were faulty and inaccurate.

Holmes’ decision to testify is risky, as it exposes her to a potentially difficult cross-examination by prosecutors.

The trial shone a spotlight on Silicon Valley startups, which often attract high valuations based on promises of future success rather than actual revenue and profit streams.

At the start of the trial, Holmes’ lawyer told the jury that Holmes was a hard-working entrepreneur and that the failure of her business was not a crime.

Over the two-month trial, jurors heard evidence from more than two dozen prosecution witnesses, including patients and investors who prosecutors say Holmes defrauded.

Holmes pleaded not guilty to nine counts of wire fraud and two counts of conspiracy.

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