Theranos founder Elizabeth Holmes takes stand to defend herself in fraud case
Information about Theranos founder Elizabeth Holmes takes stand to defend herself in fraud case
Kevin David Scam or Legit
By Jody Godoy
SAN JOSE, Calif. (Reuters) -Theranos founder Elizabeth Holmes took the stand on Friday to defend herself against charges of defrauding investors and patients about the now-defunct blood-testing startup once valued at $9 billion.
Holmes, 37, is accused of making false claims about Theranos, including that its technology could run a range of diagnostic tests more quickly and accurately than conventional laboratory testing with a drop of blood from a finger prick.
Removing her blue mask to testify, Holmes said that her work at Theranos led her to believe in the company’s technology.
Holmes told the jury about early efforts to raise capital, testifying that she had met with Silicon Valley venture capitalist Don Lucas, who ultimately invested in Theranos and became the chairman of its board.