After three months and dozens of witnesses, Elizabeth Holmes’s fate is about to be decided by 12 jurors.
A defense lawyer was making his final closing argument Friday in the Theranos Inc. founder’s criminal fraud trial in San Jose, California. Prosecutors will have a chance to rebut, and then the jury can begin deliberations. Holmes is facing a maximum sentence of 20 years in prison if found guilty on any of 11 charges that she defrauded investors and patients in the blood-testing startup.
Holmes’s attorney Kevin Downey argued there’s a “fundamental disconnect” in the government’s claim that she intentionally deceived investors about what her startup’s blood-testing analyzers could do.
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