Elizabeth Holmes, founder of Theranos Serious fraud in California He could be sentenced to up to 20 years in prison. Prosecutors believe Holmes, who has long been seen as one of the world’s most successful entrepreneurs, deliberately led investors behind the spotlight. She denies criminal guilt.
Theranos claimed to have revolutionized blood testing, but later it was found that technology and technology-based machines did not hold up.
On Friday, it was the turn of Surekha Gangakhedkars, the former head of one of Therano’s testing systems, to take the witness stand. She told how in 2013, after eight years at the company, she quit because she feared the launch of blood-testing machines at the pharmacy chain Walgreens would do it bad.
According to Bloomberg Gangakhhidkar was already afraid at the time that the company and its employees might be held criminally liable. Therefore, she entered into an immunity agreement with the prosecution before she testified in court.
I took copies
To make sure of this, Gangakhhidkar took copies of some documents and correspondence before she left the company, in case things ‘come up’ later. Gangakhhidkar reported to Holmes and had meetings with her several times a week. In the testimony, she linked her former boss directly to what the indictment was about. Holmes has repeatedly reported defects in Theranos’ blood tests. Her claims were backed up by emails viewed by a jury. She also talked about Holmes pressure to agree with the results of the blood test.
Elizabeth Holmes was only 19 years old when she left Stanford University in 2003 and founded the pharmaceutical company Theranos in Palo Alto, central Silicon Valley, California.
The core of the company was a new and revolutionary method of blood testing, the Edison machine, which with just one small drop of blood can diagnose the most famous and dangerous diseases. Holmes explained the impetus for the invention of this machine with his fear of injection. She was soon declared a genius as Steve Jobs, the pharmacist, whom she called her idol.
Holmes was also at one time referred to as the richest businesswoman in the United States, but in 2015 and the following years, most of it came after a series of critical articles in the Wall Street Journal.
During Gangakhedkar’s testimony, Holmes’ defense attorney, Lance Wade, came up with constant protests, which, first and foremost, contributed to creating a more intense atmosphere in the courtroom, according to Bloomberg. When the court took the weekend, it was time for Wadi to begin his interrogation with Gangakhedkar. The trial continues on Tuesday.
legal documents Reproduced by, among others, CNBC He explains that Holmes will blame all of the blame on Ramesh Palwani, her former companion. He allegedly controlled it and was abused by him for a number of years.
Pakistani-born Balwani, who is about 20 years older than Holmes, was the former chief operating officer of Theranos. Balwani and Holmes were cohabiting before the collapse of Theranos, a relationship that was kept secret from the public. Al-Balwani should be tried next year for his role in the scandal.(Terms)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.
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