Theranos founder Elizabeth Holmes arrives at Robert F. Peckham U.S. Courthouse for opening arguments in her trial, in San Jose, California, U.S., September 8, 2021. REUTERS/Peter DaSilva
Holmes, 37, has pleaded not guilty to 10 counts of wire fraud and two counts of conspiracy. She may testify during the trial, which resumes on Friday with more witness testimony.“The scheme brought her fame, it brought her honor and it brought her adoration,” Leach added, also making her a billionaire.
On paper, Theranos was worth billion of dollars, but when Holmes left it in 2018, her savings, stock and company were “all gone,” Wade said. “She was all in on Theranos, motivated by its mission, not money, committed to that mission until that very last day,” Wade said. Sitting at a table flanked by her attorneys, Holmes wore a white blouse, grayish-blue skirt suit and a facemask amid the COVID-19 pandemic. U.S. District Judge Edward Davila is presiding.Prosecutors have said Holmes and Balwani defrauded investors between 2010 and 2015 and deceived patients when Theranos began making its tests commercially available, including a partnership with the Walgreens drugstore chain.
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