Theranos founder Elizabeth Holmes (center) arrives at federal court in San Jose, California on Aug. 31, 2021.[Photo by David Paul Morris/Bloomberg via Getty Images]
Ex-Theranos CEO Elizabeth Holmes’ federal fraud trial began yesterday with federal prosecutors claiming she lied and cheated to get money.
The prosecutors alleged on opening day that Holmes was manipulative and knowingly defrauded investors and patients through false and misleading claims.
“This is a case about fraud, about lying and cheating to get money. It’s a crime on Main Street, and it’s a crime in Silicon Valley,” said Assistant U.S. Attorney Robert Leach.