Elizabeth Holmes trial: Another bruising day in court for Theranos founder Holmes

Elizabeth Holmes trial: Another bruising day in court for Theranos founder Holmes

3 years ago
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https://www.siliconvalley.com/2021/10/26/elizabeth-holmes-trial-another-bruising-day-in-court-for-theranos-founder-holmes/

In another bruising day for Theranos founder Elizabeth Holmes in her criminal fraud trial, an investment manager for the family of former U.S. Secretary of Education Betsy DeVos testified Tuesday that Holmes’ claims were key to the family’s decision to invest $100 million in the firm.

Lisa Peterson testified in U.S. District Court in San Jose that Holmes, while courting the DeVos family as potential investors, claimed Theranos’ technology was in use “on military helicopters.” Federal prosecutors allege Holmes falsely claimed her company’s technology was being used on U.S. military choppers.