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That while assembling a board of directors that included former Cabinet members ranging from the Nixon to Trump administrations. John Carreyrou, the reporter who wrote those pivotal stories, sat in the back of a packed San Jose, California, courtroom throughout Holmes’ testimony.īefore Theranos melted down, Holmes and Balwani raised more than $900 million from a list of billionaire investors that included media mogul Rupert Murdoch and the Walton family behind Walmart.
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But a series of explosive articles published in The Wall Street Journal beginning in late 2015 revealed that Theranos’ blood-tests were producing faulty results that misled doctors and patients. That six-year stretch spanned a period when Holmes was the subject of flattering articles portraying her as a tech visionary. She also made it clear that Balwani was a volatile man who she tried not to “ignite” whenever he would “blow off steam through texts.” She also emphasized she wasn’t responsible for all the key decisions at Theranos from 2010 until she dumped Balwani in 2016. Holmes, Theranos’ CEO for 15 years, spent some more time Wednesday blaming Balwani for neglecting to fix the blood-testing problems that he had told her he would address as the company’s chief operating officer and her most trusted adviser. “You also don’t want to risk having a lot of psychological gobbly goop get into the jury’s minds, so you can end with a bang, not a whimper.”
“You want to end on a good note, and it sounded like they felt like she was their best witness,” Ring said.
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The decision to let Holmes herself have the last word was an indication that her lawyers believed she did a compelling job telling her story, said David Ring, an attorney who has represented victims of alleged sexual abuse and has been following the trial closely. Holmes was just one of the three witnesses to testify for the defense, but she spent more than 25 hours on the stand since she was sworn Nov. Holmes’ lawyers had indicated that they might call on a psychologist to discuss the allegations of emotional and sexual abuse Holmes, 37, had raised earlier in her testimonyagainst her former lover and business partner, Sunny Balwani, 56. The abrupt end of the defense’s case came as somewhat of a surprise. 17 and continue deliberations during the week of Dec. Depending on the duration of those arguments, the jury could get the case late in the day of Dec. If convicted, she could be sentenced 20 years in prison.Ĭlosing arguments are scheduled for Dec. District Judge Edward Davila recessed the trial for a week to allow time for refining the instructions to the jury in a complicated case what began 3 1/2 years ago with Holmes’ indictment on multiple counts of fraud. It’s the same locale where Holmes became a media sensation before Theranos collapsed in ruins amid evidence that its ballyhooed blood-testing technology was dangerously flawed. That gave Holmes the final say among the more than 30 witnesses who testified in a high-profile trial that began three months ago i n the heart of Silicon Valley. Her defense lawyers rested their case Wednesday shortly after she walked off the witness stand. (AP) - Fallen entrepreneur Elizabeth Holmes has finished her attempt to persuade a jury that she suffered lapses in business judgment but never engaged in fraud while running blood-testing startup Theranos. Another mid-life crisis perhaps? Hoover begins to panic and seeks out Denpak to talk some sense into Gavin.SAN JOSE, Calif. He decides to leave Hooli behind and start an ice cream business instead. Gavin Belson has an epiphany this week when he starts to question why exactly he returned to the brutal tech industry. Despite his resistance, he is left with no choice–while also dealing with Jian Yang’s Chinese version of Pied Piper.
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Things continue to worsen for Richard when Bream/Hall asks him to give free services to A.I.-run Eklow Labs, to whom they have given $112 million.
Not only is Richard’s segment of the interview cut, but Entourage’s Adrian Grenier wants Jared to do an episode for his edu-tainment program. Interestingly enough, Jared’s spastic bantering gains some traction and catches the attention of the public. While we expect Richard to fall apart on national television, he gets through the entire interview seamlessly. Richard and Jared head to Bloomberg West to announce PiperNet but things take a weird turn when Jared starts talking about manure.
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