Who: Elizabeth Holmes, founder and former CEO of Theranos. When: Jury selection begins Aug. 31, with time allotted on Tuesdays, Wednesdays and Fridays through mid-December. Opening statements are expected on Sept. 8. Where: U.S. District Court in San Jose, Calif. Headline: Holmes has been charged with two counts of conspiracy to commit wire fraud and 10 counts of wire fraud. - Holmes pleaded not guilty to all charges.
What they're saying: Prosecutors allege that investors were falsely told that Theranos' technology could perform a large number of tests even though Holmes and former Theranos president Ramesh "Sunny" Balwani knew there were problems with accuracy and reliability. They also conjured contracts and gave investors inaccurate revenue information. - Prosecutors also allege that between 2013 and 2016, patients were misled to believe that Theranos' tests were fast, reliable and accurate.
The other side: Holmes' legal defense isn't quite clear yet, but her lawyers are likely to argue that she truly believed the claims she was making about Theranos and its technology. - She may also try to blame Balwani, and argue that he was controlling her.
The big question: Whether or not Holmes will testify. |
0 Comments