Key pieces of evidence in the Elizabeth Holmes trial
The government’s case against Theranos founder Elizabeth Holmes had anecdotal evidence showing that she intentionally defrauded doctors, patients and investors into a blood-testing start-up.
a fraudulent report
In 2010, Theranos produced a 55-page report that prominently featured the logos of drug companies Pfizer, Schering-Plough and GlaxoSmithKline. Investors such as Lisa Peterson, who manages investments for the wealthy DeVos family, and Walter Mosley, whose clients include the Walton family, testified that the report had helped persuade them to invest in Theranos.
Problem? Pfizer, Schering-Plough and GlaxoSmithKline did not prepare or sign the report. While prosecutors did not establish that Ms. Holmes created the report, witnesses such as Daniel Adeline, Theranos’ former senior product manager, testified that she had signed all of the investor material.
an investor letter
Theranos spent years discussing possible deployment of its technology on the battlefield with the Defense Department, but no partnership materialized.
Yet Ms. Holmes told potential investors in a letter that Theranos had signed contracts with the US military – claims that helped persuade them to invest, investors testified.
“We really relied on the fact that they had been working for pharma companies and the government for years,” Ms Peterson said.
Emails between Theranos employees made up the bulk of prosecutors’ demonstrations. Some emails showed Theranos concealed the device’s malfunction, extracted abnormal results from test reports, and spoofed its blood test performance.
In one case, Mr. Adeline asked a colleague for advice on how to demonstrate Theranos’ technology to potential investors.
Theranos software engineer Michael Craig recommended that Mr. Edlin use the Demo app, a special setting on Theranos’ devices that said “running” or “processing” to display the fault if an error occurred. Instead.
The app will hide failures from clients, Mr Craig wrote in an email.
“Never a bad thing,” replied Mr. Adeline. “Let’s go with the demo, thanks.”
#Key #pieces #evidence #Elizabeth #Holmes #trial