December 3, 2021

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What occurred on Day 2 of Elizabeth Holmes’s testimony.

What happened on Day 2 of Elizabeth Holmes’s testimony.

On Monday, after weathering months of accusations that she had lied to get cash for her blood testing start-up, Theranos, Elizabeth Holmes, the embattled entrepreneur who’s on trial for fraud, sharpened her protection.

In her second day of testimony, which lasted slightly below two hours, Ms. Holmes’s attorneys confirmed displays and requested her inquiries to push again towards the prosecution’s claims that she defrauded buyers, sufferers and docs.

The thought, as laid out by Ms. Holmes’s attorneys within the trial’s opening statements, was to indicate {that a} kernel of reality could have existed beneath a few of the most blatant misrepresentations that prosecutors have proven Ms. Holmes making.

Right here had been the principle rebuttals:

One of many key allegations prosecutors have made towards Ms. Holmes is that she claimed Theranos’s know-how had been “comprehensively validated” by 10 of the world’s 15 largest pharmaceutical corporations.

That was not true, prosecutors have mentioned. But Theranos despatched reports displaying these corporations’ logos to buyers, who testified that the experiences lent the younger start-up credibility and helped persuade them to take a position.

On Monday, Ms. Holmes painted a unique image. Theranos did work with pharmaceutical corporations, she testified. There have been medical research and even a research revealed in a peer-reviewed journal. (Ms. Holmes’s lawyer didn’t title which one.)

The questioning allowed Ms. Holmes to give attention to Theranos’s early successes and the conversations she had with potential companions whereas glossing over the outcomes of these conversations. Ms. Holmes stopped in need of addressing her later claims about Theranos’s successes and in regards to the reports, which appeared to provide Theranos stamps of approval from pharmaceutical corporations.

Throughout her testimony, Ms. Holmes additionally tried to deflect blame. She mentioned she discovered about Theranos’s know-how from the scientists and docs who labored within the firm’s lab. She added that she believed them after they mentioned the know-how labored. The implication: Ms. Holmes couldn’t have supposed to deceive buyers if she believed the know-how was actual.

“We thought this was a extremely huge thought,” Ms. Holmes mentioned.

Ms. Holmes has been charged with 11 counts of fraud and conspiracy to commit fraud. She has pleaded not responsible. If convicted, she faces as much as 20 years in jail.

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