The testimony of a former Theranos lab director is set to continue Wednesday in the criminal trial of the failed blood-testing startup’s founder and former CEO, Elizabeth Holmes. It will mark the third day that jurors will hear from the man who is now known to be the first source who spoke with the journalist who broke the Theranos story in 2015.
In 'The Dropout' Elizabeth Holmes makes an investment deal with Dr. Jay Rosen from Walgreens, despite Walgreens COO Wade Miquelon's hesitations. But is it true?
Justin Sullivan/Getty Images(SAN JOSE, Calif.) Federal prosecutors went toe-to-toe with defense attorneys for Theranos founder Elizabeth Holmes as both sides delivered hours-long closing arguments in her criminal fraud trial. Prosecutors concluded their roughly three-hour-long closing statements on Thursday, and defense attorneys were over two hours into their remarks when Judge Edward J. Davila adjourned court for the day. Holmes' lawyer, Kevin Downey, is expected to resume his closing argument Friday morning, followed by a rebuttal from prosecutors, meaning jury deliberations could begin as early as Friday. U.S. Attorney Jeff Schenk told the court on Thursday that Holmes had a choice to make in 2009, 2010 and again in 2013 years when he said the blood-testing startup that would later grow into a $9 billion business was running out of money. Holmes "chose fraud over business failure," Schenk said, adding that "she chose to be dishonest with her investors and wi