After months of criminal proceedings that have gripped Silicon Valley, the fate of Theranos founder Elizabeth Holmes is now in the hands of 12 jurors. During the trial, several laboratory directors testified that they warned Holmes of the shortcomings of Theranos technology and were told to minimize such concerns. Meanwhile, Holmes told investors that the technology was working as planned. Balwani has denied these allegations and faces his own fraud trial in 2022. “In late November, Holmes surprised those following the trial when, unexpectedly, he took the stand in his own defense.

Source: The Guardian December 18, 2021 01:53 UTC