Elizabeth Holmes drawn as villain, underdog as trial begins

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Prosecutors and defence attorneys sketched duelling portraits of fallen Silicon Valley star Elizabeth Holmes as her trial got underway Wednesday, alternatively portraying her as a greedy villain who faked her way to the top and a passionate underdog whose spent years trying to shake up the health care industry.

The two sides are now expected to spend the next three months trying to sway a 12-person jury impaneled to hearing the evidence in a case airing allegations that Holmes used her startup, Theranos, as a scheme to realize her dreams of becoming rich and as famous as one of her role models, late Apple co-founder Steve Jobs.

He cast Holmes in a dark light, depicting her as a conniving entrepreneur who duped investors, customers and patients for years, even though she knew her startup, Theranos, was nearly bankrupt and its much-hyped blood-testing technology was a flop. Holmes, 41, is also accused of promising that Theranos would be able to quickly test small vials of blood in a small company-designed machine named after the famed inventor Thomas Edison. Leach said the samples were actually sent out to outside parties for testing using standard-issue machines he described as "big" and "clunky."

Defence attorney Lance Wade, argued that Holmes was simply trying to wrest control of the blood-testing technology market from two dominant laboratories, Quest Diagnostics and Labcorp. "She did her best day in and day out to make Theranos successful," Wade said of Holmes as he began a roughly 90-minute presentation.

 

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