SAN Jose, California – Using charm, stability, and scientific terms, Elizabeth Homes invested nearly $ 1 billion to build Teranos, launching a blood test. In 2018, the company ‘s technology and business relationship was hit hard, and it all fell apart.
On Tuesday, Mrs. Holmes used those techniques to convince the judges that she was not guilty of fraud.
For the third day in a row, she defended her case, which led to the dismissal of 11 counts of fraud. She turned her head to face the judges as she could not deliberately deceive anyone about Teranos’ technology.
Holmes, 37, believes the company has developed a technology that has alternated between making official statements about Teranos scientific research and presenting itself as a foolish and power-hungry founder. She tried to confuse past events with her intentions. She said the board of directors should be given better advice. She noted that she had great confidence in the doctors, scientists, and engineers who worked in Teranos.
And to protect herself as an entrepreneur – perhaps very much – in order to protect the reputation of her company and her financial future, she later resorted to fraudulent decisions by prosecutors.
The whole point of witnessing throughout the day was to raise doubts in the minds of prosecutors about the prosecution’s case. White supremacist cases are often technical and complex, and prosecutors are burdened with the task of proving to be deceitful.
“The whole ball game falls on knowledge and purpose, and the prosecutor is the hardest thing to prove,” said Andre Caver, a lawyer for Brian Cave’s Whiteton Pisner and former federal prosecutor in the Eastern District of New York.
Mr Spector said the government’s best evidence of Holes’ ideas came from documents and other testimonies. But she said she could testify directly to what she knew and thought.
The high profile experiment serves as a warning story for the beginnings of Silicon Valley, which often embraces the same turmoil, aspirations, and ideological change that drove Ms. Homs to the top of the industry. While the technology industry is based on advertising, a few executives have been accused of lying to investors, making Teranos outsourced.
But as technology start-ups continue to record a record-breaking amount of money, investors and entrepreneurs say some formal management practices are out the window. If Ms. Holmes is convicted and sent to prison, the verdict could jeopardize the good times, creating a new precaution among freelance founders.
On Tuesday, Mrs. Holmes stayed in her seat all day, beginning with a horrible witness at 9 p.m. Believing that Teranos’ technology was working, she repeatedly struck the core of the defense. Emails were received from various scientists and doctors working in the company’s laboratory describing successful studies, experiments and other findings.
Channing Robertson, a professor at Stanford University who joined the Teranos Board, told her that her ideas were “very promising,” said Holmes. Email: One of our e-mails to Ian Gibson: “Our immunological tests are related to the best that can be done in clinical laboratories.”
Ms Holmes admits that one of the prosecutors ‘main evidence was that they had secretly added pharmaceutical logos to Teranos’ certification reports without their consent. Those reports included studies by Teranos Blood Tests in collaboration with pharmaceutical companies that helped convince investors and partners that the start was a real deal.
Representatives of pharmaceutical manufacturers Pfizer and Schering-Plough said their companies had not written or approved the reports before. But Ms. Holmes sent the reports along with her logos to investors and partners to encourage them to invest and do business with Teranos.
Ms. Holles said on Tuesday that she had added the logos to the reports to show that she was working with pharmaceutical companies. She says she intends to mislead investors.
“I have heard that testimony in this case and I wish I could do it differently,” she said.
In an interview with laboratory staff who spoke out against Teranos Shodi Science, Ms. Holmes said she had never been forced to sign anything she did not agree with. Teranos said she would not allow the laboratory director to take any tests that she was not allowed to take, and that she herself was not qualified to take the tests.
She, one of the prosecutors, dropped the biggest claim. Teranos has introduced hundreds of small blood testers, known as Edisens and Miniblabs. But in reality, he only improved ten tests and Siemens machines to do small blood tests.
Ms. Holmes said the company had never told investors, partners, the public or its board members that it was doing most of its testing on Siemens equipment because Teranos had upgraded the machines. She said she was worried that Siemens or other competitors would copy those changes.
“This is an invention that we have learned from our advice that we should keep as a business secret,” she said.
Mrs. Holmes did not investigate her relationship with Ramsh Balwani, her boyfriend of more than a decade, the chief operating officer of Teranos. The couple were charged together but their case was split last year. Mr. Balwani, who is going to Sunny, will be tested next year. They both pleaded not guilty.
The couple kept their relationship a secret, but Holmes’ lawyers said they expected Mrs. Balwani, who is 18 years old, to be told by the judges that she had been emotionally and physically assaulted during the relationship. To allege Ms. Holles’ allegations, she called Mindy Mechanic, an expert who specializes in abusive relationships.
Mr. Balwani’s role in the alleged fraud is being discussed almost daily, but Ms. Holles’ testimony cites him only when necessary, for example to illustrate an e-mail.
At the start of the trial, Judge Edward Devila of the United States District Court, which is hearing the case, ordered that the judges not consider Mr. Balwani absent.
At the end of Tuesday’s hearing, he warned the judges not to discuss the trial with his family on Thanksgiving weekend. “Do your best to get past the mashed potatoes and no I do not Talk to anyone. ”
Ms. Holles’ testimony continues next week.
Erin W. Contributing Reporting.