- December 17, 2021
- Posted by: Stratford Team
- Category: Business
The Feds made their final push to put Elizabeth Holmes behind bars on Thursday, telling jurors that the “criminal” founder of Theranos was guilty of perpetrating a massive fraud.
“She chose fraud over business failure,” federal prosecutor Jeff Schenk told the jury. “She chose to be dishonest. This choice was not only callous; it was criminal.”
The 37-year-old Theranos founder, who gave birth to a baby boy in July, is facing a whopping 11 fraud and conspiracy charges that could result in a 20-year prison sentence. She’s accused of lying to patients and investors about Theranos’ blood testing technology.
Holmes’ attorneys have countered by accusing prosecutors of misrepresenting evidence and claiming that Holmes had been abused and controlled by Ramesh “Sonny” Balwani, her ex-boyfriend and the company’s former chief operating officer.
“Elizabeth Holmes was building a business and not a…
