The case of Elizabeth HolmesThe trial of Elizabeth Holmes began yesterday with opening arguments. of Theranos, a blood testing start-up, has been charged with 12 counts of wire fraud and conspiracy to commit wire fraud; if convicted, she faces up to 20 years in prison. Leach contended that Holmes knew that some patients’ results from Theranos blood tests were inaccurate and didn’t act. “Out of time and out of money, Elizabeth Holmes decided to lie,” said Leach, who argued Theranos used glowing media and false claims to draw in investors, partners and board members, including Rupert Murdoch, Walgreens and Henry Kissinger. “The scheme brought her fame, it brought her honor, and it brought her adoration,” Leach said.

Source: International New York Times September 09, 2021 13:41 UTC