'The United States rests,' Prosecutor Jeff Schenk told the court Friday morning.
Holmes said her blood-testing startup, once valued at $9 billion, could change the world - then whistleblowers alleged her company's technology was fraudulent. Holmes denies any wrongdoing.Federal prosecutors have rested their nearly 11-week case against Elizabeth Holmes, the former Theranos CEO accused of misleading investors to bankroll her one-time multibillion-dollar Silicon Valley start-up despite no evidence its blood-testing technology could perform as promised.
The government called 29 witnesses to the stand, starting in early September, including former U.S. Defense Secretary James Mattis, a former Theranos board member who said he was in the dark about the technology’s shortcomings.Prosecutors also questioned investors, including white-shoe lawyer Dan Mosley, whose long-time client Henry Kissinger was on the Theranos board and introduced him to Holmes.
Jurors also heard from former Theranos employees who gave insight into the company's labs and other dealings, and patients who described receiving purportedly inaccurate Theranos test results after getting blood drawn at various Walgreens locations.The logo of Theranos, a start-up company specializing in blood tests, is on display in Palo Alto, Calif., May 15, 2017.
Prosecutors concluded their case with testimony from journalist Roger Parloff, who wrote a 2014 cover story on the ascending Silicon Valley CEO for Fortune Magazine.
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