Prosecutors In Theranos Case Say Holmes “Chose Fraud Over Business Failure”
On Thursday, prosecutors laid out their closing arguments in the trial of Theranos founder Elizabeth Holmes, painting the picture of her as someone who “chose fraud over failure.”
On Friday, the prosecution will have the opportunity to present a rebuttal before the case goes to the jurors.
Elizabeth Holmes faces 11 charges of defrauding investors, medical professionals, and patients over Theranos’ blood-testing technology, which the company claimed could carry out hundreds of tests with just a single drop of blood. Holmes faces up to 20 years in prison and has pleaded not guilty.
Prosecutor Jeff Schenk presented the jury with a recap of arguments that Holmes deliberately lied about the capabilities of Theranos’ devices and said the evidence shows that Holmes “made the decision to defraud her investors and then to defraud her patients.” Schenk said the Theranos founder “chose fraud over business failure.”
The defence is set to conclude its closing arguments on Friday, with a jury of eight men and four women to be handed the case following jury instructions. They will deliberate the case over the holiday week.
