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EXPLANATION: Why Elizabeth Holmes’ fraud case is based on intent | Technology


The web of alleged lies and other deceptive tactics covered by the lawsuit occurred from 2010 to 2015, when, according to prosecutors, Holmes tricked investors into his startup while misleading patients about the accuracy of the company blood tests.

Defending himself for seven days from often dramatic testimony on the stand, Holmes admitted to making bad decisions and mistakes. But she maintained that she had never stopped believing that Theranos was about to make a breakthrough that could redefine healthcare.

Holmes also hinted that she had been manipulated and cheated on by her former lover, Sunny Balwani. Holmes said Balwani, who she secretly lived with while he was the COO of Theranos from 2009 to 2016, let her down by not fixing the lab problems he promised to fix and, in the trial’s most dramatic testimony, alleged that he had turned her into his pawn through a long-standing pattern of abuse while exercising control over her diet, sleep patterns and friendships.

Balwani, whose lawyer has categorically denied Holmes’ charges, faces similar fraud charges in a separate trial set to open in February.

A jury of eight men and four women is currently considering whether to find Holmes guilty of the charges against his future or to acquit him. Jurors ended their first full day of deliberations Monday without sending notes to U.S. District Judge Edward Davila, who has presided over the trial since it opened in early September. They will return to the courthouse in San Jose, Calif. On Tuesday morning.