Elizabeth Holmes described Theranos’ “big idea” to the jurors

Elizabeth Holmes, the founder of Theranos, accused by U.S. prosecutors of defrauding hundreds of millions of dollars from investors, has taken a stand of its own Criminal trial, Tell the jurors: “We think this is a very good idea.”

Last week, the defense unexpectedly called the 37-year-old into the stands, which gave her a chance to defend herself so as not to lie about the capabilities of the allegedly groundbreaking Theranos blood test machine.

More than an hour after the unexplainable start of the proceedings on Monday, Holmes’ testimony focused on the formation of Theranos as part of a defense strategy to convince the jury that the young entrepreneur believed in the technology wholeheartedly It is ambitious but possible.

Defense lawyer Kevin Downey asked Holmes to talk to the jury through several pictures and technical slides, and once asked her to use a computer mouse to point out the various components of the early Theranos machine.

An exhibition, apparently a presentation slide prepared by Theranos’ then chief scientist Ian Gibbons, detailed several milestones that the team believes have been achieved. Gibbons ended his life in 2013 and filed a patent lawsuit over the company’s technology a few days ago.

“I know we are achieving the design goals of this system,” Holmes said of the demonstration, speaking slowly in her iconic whisper. “The performance of the system is excellent.”

Apparently, in order to refute the claim that Theranos is secretly developing its technology, the defense showed slides and documents detailing research partnerships and peer-reviewed research.

There are several under the heading of “Completed Successes”, such as the work carried out in collaboration with AstraZeneca Pharmaceuticals at the Royal Marsden Hospital in London.

Sherlock Holmes appeared in the stands of the Federal Court in San Jose, California. This will give the prosecutor a chance to question Holmes-although such questioning is unlikely after the Thanksgiving holiday.

“She doesn’t need to prove that she is innocent,” said Amanda Kramer, a former federal prosecutor and partner of Covington & Burling. “She just needs to create reasonable doubts in the minds of the jurors.”

“The defendant’s answer during cross-examination, regardless of the level of preparation, will be more spontaneous, inadequately prepared, and inadequate in practice by its nature,” Kramer said. She said it was rare for defendants to testify in their own trials, “because it was too risky.”

Starting around 3 am on Monday, reporters and bystanders gathered outside the courtroom. Holmes entered the courtroom before 8 o’clock in the morning.

In a brief appearance on Friday, Holmes told the jury about the early stages of the creation of Theranos when she was 19 years old. At its peak, the company was valued at 9 billion U.S. dollars, and Holmes owns about half of the shares.

Holmes has charged with Wire fraud And conspiracy to commit wire fraud. She has pleaded not guilty. If convicted, she will face up to 20 years in prison.

In addition to the fate of Holmes, observers also suggested The Spirit of Silicon Valley They are on trial. If their ideas do not succeed as expected, then bold entrepreneurs should bear much responsibility.

Sherlock Holmes’ attorney Lance Wade said in the opening debate: “It’s not a crime to try your best and fail to reach your goal.”

The trial began on August 31 in the United States in San Jose, California, and was postponed due to Covid-19 restrictions and Sherlock Holmes’s pregnancy. She gave birth to a boy in July.

In 11 weeks, until the case was concluded on Friday, the prosecution summoned 29 witnesses, including former US Secretary of Defense Jim Mattis, who was a member of Theranos’ board of directors and invested part of his funds in the company .

In the presence of Holmes, the defense is expected to argue that, as done in the court documents, she was emotionally abused by Theranos chief operating officer and Holmes’ ex-boyfriend Ramesh “Sonny” Balwani . Balwani’s lawyer denied these claims.

Holmes had promised that Theranos could greatly reduce the cost and discomfort of drawing and analyzing blood.

The Theranos Edison machine is advertised as a unit the size of a personal computer that can draw a small amount of blood through a “nano container” and perform more than 200 tests. When Holmes graced the covers of magazines and conference stages around the world, this half-inch bottle became her central prop.

However, behind the scenes, the technology failed. According to prosecutors, Holmes and her employees began to cover up the company’s shortcomings by tampering with documents and inventing non-existent deals and endorsements with major groups such as the US military.

Balwani will face trial on similar charges, possibly next year.Prior to this, his legal team was trying to prevent the addition of a make-up license plate with “DASKPTL” written on Balwani’s car, which was against Karl Marx capital.

His lawyer wrote in court: “Whether it is out of heartfelt respect, casual mentions or sarcastic jokes, Mr. Balwani’s license plate does not support any allegations that he was involved in a scheme to defraud other people’s money or other property. “Archive.

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