Elizabeth Holmes was found guilty Monday of criminal fraud after she built her blood-testing startup Theranos Inc. into a $9 billion company only to see it...
The panel of eight men and four women also heard colorful accounts from several Theranos employees about the company’s lab taking dangerous shortcuts to conceal shortcomings with the analyzers, and from patients who recounted receiving inaccurate test results that left them anxious about their health.
In seven days on the witness stand, Holmes alternated between deflecting blame, failing to remember certain events and accepting responsibility for mistakes, even while insisting she didn’t intend to deceive anyone. A prosecutor told the jury in closing arguments that the alleged abuse isn’t relevant to the fraud Holmes was charged with.
“Elizabeth Holmes was building a business and not a criminal enterprise,” attorney Kevin Downey told jurors.
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