Erika Cheung will testify about Theranos in Elizabeth Holmes trial
It’s a key line of questioning for prosecutors, who outlined in their opening statement last week that they are seeking to prove intent to commit fraud and deceive investors on the part of the founder. The defense said she made mistakes, but did not commit fraud.
Holmes, who founded the company as a 19-year old in 2003, has pleaded not guilty.
Holmes is on trial for 12 charges of wire fraud and conspiracy to commit wire fraud in federal court. The government alleges she misled investors and patients about the capabilities of her company’s blood testing technology and about the financial health of the start-up. Theranos collapsed in 2018, years after media investigations raised concerns about the company’s operations.
Holmes’s defense team will likely have a chance during the third …
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