- December 17, 2021
- Posted by: Stratford Team
- Category: Business
ImageElizabeth Holmes leaving court on Thursday. Ms. Holmes is on trial for fleecing investors out of hundreds of millions of dollars and misleading patients and doctors.Credit…Nic Coury/Associated Press
Closing arguments in the fraud trial of Elizabeth Holmes were expected to finish on Friday, inching the monthslong saga closer to a verdict.
Ms. Holmes, who founded the blood testing start-up Theranos, is on trial for fleecing investors out of hundreds of millions of dollars and misleading patients and doctors. Theranos rose to prominence, hitting a $9 billion valuation, before collapsing in 2018 after it was revealed that the company’s blood tests did not work as Ms. Holmes had claimed.
After closing arguments are completed and jury instructions are given, jurors — eight men and four women — will begin deliberating whether Ms. Holmes committed 11 counts of wire fraud and conspiracy to commit wire fraud. Ms. Holmes has pleaded not guilty. If…
