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Protection group rests in Elizabeth Holmes fraud trial

The protection group for fallen Theranos founder Elizabeth Holmes rested its case Wednesday in Holmes’ legal fraud trial, organising a number of days of preparation earlier than closing arguments start

SAN JOSE, Calif. — Protection attorneys within the legal fraud trial of fallen entrepreneur Elizabeth Holmes rested their case Wednesday, organising a number of days of checking juror schedules and determining when the jury can meet main as much as and through the holidays.

Closing arguments are tentatively scheduled for Dec. 15-16, assuming no jurors report conflicts. The case might go to the jury by Dec. 20, with deliberations more likely to proceed over the vacation break.

Holmes, 37, has pleaded not responsible to prices of defrauding buyers and sufferers by deceptive them about Theranos’ progress creating new know-how meant to carry out a whole bunch of blood exams without delay on just some drops of blood. Holmes testified in her protection for seven days in complete.

She is charged with two counts of conspiracy to commit wire fraud and 9 counts of wire fraud, which carry a most jail sentence of 20 years.

Her protection group has described her as a tireless employee who poured greater than 15 years of her life into the pursuit of a quicker, cheaper and fewer invasive method to check blood samples and display for illness.

However federal prosecutors painted her in a darker gentle, depicting her as a conniving entrepreneur who duped buyers, prospects and sufferers for years, though she knew Theranos was practically bankrupt and its much-hyped blood-testing know-how was a flop.

Her trial is nearing its finish after months of detailed testimony from former buyers, Theranos staff and Holmes herself. Prosecutors and protection attorneys have alternatively described her as a grasping villain who faked her method to the highest and as a passionate underdog and sufferer of abuse who spent years attempting to shake up the well being care trade.

Her former lover and enterprise accomplice Ramesh “Sunny” Balwani, whom Holmes has accused of emotional and sexual abuse, has been banned from attending her trial however faces his personal early subsequent yr. His lawyer has vehemently denied the abuse accusations.