What to Know Ahead of Day 5 of Elizabeth Holmes Trial Deliberations

The deliberations have added over a week to Ms. Holmes’s trial, which for nearly four months has been scrutinized as a test of start-up culture itself. As Theranos’s chief executive, Ms. Holmes exemplified the myth of the genius founder. She founded the start-up in 2003, dropped out of Stanford the next year and raised $945 million from investors on the promise that her company would revolutionize blood testing.

In 2015, that myth unraveled after a Wall Street Journal investigation revealed that Theranos’s technology did not live up to Ms. Holmes’s lofty claims. The company shut down in 2018, the same year Ms. Holmes was indicted by the federal government.

Over three months of testimony, prosecutors put 29 witnesses on the stand, trying to overwhelm the jury with evidence to support the fraud charges. They showed jurors misleading validation reports, inaccurate ads and emails in which Theranos employees discussed faking technology demonstrations.

Ms. Holmes’s defense was anchored by her own testimony. She took the stand for seven days, pointing blame at her employees and saying she believed that Theranos’s technology “performed well.”

Article source: https://www.nytimes.com/2021/12/28/business/elizabeth-holmes-trial-jury-deliberations.html