Theranos founder testifies in risky gambit at US fraud trial - NewsBreak

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By Gomez in Business
Updated 2 years ago

Fallen biotech star Elizabeth Holmes took the stand Friday in her Silicon Valley fraud trial, a risky tactic to defend herself against charges that could send her to prison. Holmes faces potentially decades behind bars if convicted of allegations she scammed investors in her much-hyped blood test start-up Theranos -- once valued in the billions but which collapsed under fraud claims. After prosecutors rested their case Friday following 11 weeks of testimony from more than two dozen witnesses in a San Jose federal courtroom, 37-year-old Holmes's team began their retort. Following two minor witnesses, the defense called Holmes to the stand where she recounted her career path with the same sincerity and famously husky voice that became part of her appeal to investors.

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