Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Theranos founder takes witness stand in fraud trial

  • By Al Mayadeen Net
  • Source: Agencies
  • 18 Dec 2021 12:34
3 Min Read

Deliberations are ongoing to decide the fate of Elizabeth Holmes, who is accused of fraud as a result of lying about her blood-testing start-up Theranos to patients and investors.

  • x
  • Elizabeth Holmes heads to court with her parents and partner (Getty Images)
    Elizabeth Holmes heads to court with her parents and partner (Getty Images)

A jury has begun deliberations in the trial of Elizabeth Holmes, who is accused of lying about her blood-testing start-up Theranos to patients and investors. 

Theranos falsely said it could detect diseases with a few drops of blood knowingly misleading investors, doctors, and patients about her startup's blood testing capabilities in order to take their money.

The prosecution argued that Ms. Holmes lied when her "house of cards" faced financial failure.

Elizabeth Holmes had confessed to the jury in her criminal fraud trial on Tuesday that she personally used the letterhead of Pfizer and Schering-Plough on documents sent to potential business partners and investors without the two companies' knowledge or consent.

Her step came to give the impression that the pharmaceutical companies were endorsing Theranos devices, when in fact they had distanced themselves from the startup.

By doing so, "she chose fraud over business failure. She chose to be dishonest with investors and with patients," prosecutor Jeffrey Schenk said in his closing remarks at the San Jose federal court where the trial has been underway for more than three months. "That choice was not only callous, it was criminal," he added.

Holmes said she had to intention to deceive anyone but was merely attempting to acknowledge other work Theranos had done with the relevant pharma companies.

Related News

Elizabeth Holmes’ 11-year prison sentence shortened by two years

Theranos' Elizabeth Holmes tried to escape to Mexico before conviction

Still, it was a mistake, she admitted.

"I wish I'd done it differently," said Holmes, speaking behind a plexiglass-enclosed witness box.

Ms. Holmes, 37, is facing nine counts of wire fraud and two counts of conspiracy, with each carrying a maximum sentence of 20 years in prison.

The jury comprising eight men and four women at the court in San Jose, California, will resume deliberations on Monday after being handed the case on Friday afternoon.

For years, Holmes claimed that with a tiny finger prick of blood, people would have more control over their health by allowing them to test for hundreds of conditions; an option made possible by Thoranos. 

Ms. Holmes was able to raise more than $900m from billionaires such as media magnate Rupert Murdoch and tech mogul Larry Ellison.

In 2014, the company was estimated to be worth $9 billion, more than the value of Uber and Spotify at the time.

But not long after, regulators and the media began asking probing questions about the efficacy of the technology, setting the company's downfall.

  • Theranos
  • Pfizer
  • Elizabeth Holmes

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS