- The defense in
Elizabeth Holmes 'fraud trial rested Wednesday after she testified for 7 days. - The prosecution offered no rebuttal, and closing arguments will begin on Dec. 16.
Elizabeth Holmes' criminal fraud
Defense attorneys for $4 rested their case on Wednesday after Holmes finished her seventh day on the witness stand. The prosecution didn't have a rebuttal, and closing arguments are now scheduled to begin on Dec. 16.
Prosecutors $4 after having called 29 witnesses of their own over the course of 11 weeks. On the same day, the defense called its first witness, paralegal Trent Middleton from Williams & Connolly, the law firm representing Holmes. Middleton summarized evidence in the case before the defense moved on to its second witness, Fabrizio Bonanni, a former
The defense's case has relied heavily on testimony from Holmes herself, who was its third and final witness. In her time on the stand, Holmes has $4 from investors and Walgreens, with which Theranos once had a contract. Holmes said company counsel had told her to hide this in order to protect trade secrets. In addition, Holmes $4 that later played a key role in drawing investors.
Holmes also has testified that $4, her ex-boyfriend and Theranos' former COO and president, $4. She has recounted her efforts to kill the Wall Street Journal's 2015 investigation into Theranos and $4.
Holmes is $4. She has pled not guilty. If convicted, for each count, she faces up to 20 years in prison, a fine of $250,000, and restitution to victims.