Elizabeth Holmes, founder of Theranos Inc., and husband Billy Evans exit federal court in San Jose, California, on Sept. 8. Holmes, 37, faces a dozen fraud and conspiracy counts that could send her to prison for as long as 20 years if she is convicted. Photo: David Odisho/Bloomberg Failure Not Fraud: Elizabeth Holmes' Attorneys Claim Theranos Downfall Part of 'Everyday Life' of a Silicon Valley Company
Holmes' Williams & Connolly counsel painted the famed founder as a mission-driven "young CEO" whose company failed because she couldn't overcome business obstacles that she "naively underestimated" when starting the company as a 19-year-old Stanford dropout.
September 08, 2021 at 11:22 PM
5 minute read
Prosecutors on Wednesday told jurors the story of Theranos founder Elizabeth Holmes is one of a billionaire "lying and cheating to get money" for her failing blood-testing company—a story that began in 2009, when the famed executive was "out of time and out of money."
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