Alex Wong/Getty Imagestook the stand Tuesday in the Elizabeth Holmes trial to discuss a roughly $100 million investment made in Theranos Inc. in 2014.
Lisa Peterson told jurors she has managed a portfolio of private-equity investments for the DeVos fund, called RDV Corp., since 2005. Ms. Peterson said she wasn't the one who made the decision to invest--it was ultimately made by her bosses and DeVos family members--but she handled the investment for the fund. She said she volunteered to work on the Theranos investment because she had an interest in healthcare.Jurors saw an email from one of her superiors, Jerry Tubergen, that was sent in September 2014 to members of the DeVos family.
Ms. Peterson said she participated in a call with Ms. Holmes and reviewed two "very large" binders of information, sent by Theranos, to help prepare her colleagues for a meeting with Ms. Holmes in Palo Alto, Calif. She said the impression she got was that, "This was going to be a game-changer for healthcare."
Ms. Peterson's testimony was delayed by an hour of arguments before the jury entered over what evidence could be shown during her time on the stand. An attorney for Ms. Holmes took issue with plans to show clips of a CNBC "Mad Money" interview Ms. Holmes did after The Wall Street Journal first reported on problems with Theranos's proprietary blood-testing technology.
I mean, should we really feel bad Elizabeth Holmes screwed over rich people? Its not like rich people havent been screwing everyday people, especially ones that worked in government.
Elizabeth Holmes is evil, but an absolute legend for robbing billionaires blind lmao
100 million has to hurt even for her.
“Education Secretary” 😂 🤡
Kismet meet Karma.
How “Educational!”
Where did the money come from? I'd like to know! Did it come from the Family Office of DeVos or was it money taken from another source? Let's do some investigating! What years was she Secretary of Education. Does that play into what we think of Ms. DeVos and her investments!!
Invested as well as she ran the DOE—that is, terribly
Grifters getting grifted is the grift that keeps on grifting.
What goes around, comes around. karma
lol i despise holmes and i’m glad betsy got conned
Not guilty
I do not know what Theratos is, nor who Besty Devos or Elisabeth Holmes is. Nor do I care. Why is this trending on my Twitter
Why couldn't Betsy DeVos be there herself?
Investors like Betsey DeVos were conned, but they didn't do proper due diligence either. Who invests $100 million without testing the machine and bringing in their own experts to evaluate?
Finally some good news
Her loss in Theranos bubble is just chefs kiss
lol the only good thing Elizabeth Holmes accomplished.
She Duped Betsy DeVos's family out of a hundred-million dollars?!😲
blynn014 😂😂😂 this is great
TheRepublicanPartyIsTheEnemyOfTheAmericanPeople
If I am reading this right, guess who just got the 'get out of jail free monopoly card 'in the bay area?
So that’s why she couldn’t help those of us saddled with student loan debt! Pure greed. Her family needs a more reliable investment manager.
why not have 1 week courses , job entry skills , in one week , you could teach enough fundam .... to start as gopher skip the 16 yr day care ....
So let me get this right. We can get a DeVos rep in court to moan how they were grifted but we can't demand lawful accountability for their tuition/education debacles?
I wish she had asked them for much more!
Wow - tough one. Two evil people facing off.
So didn’t Mattis.
I guess she doesn’t carry enough intelligence to be able to discern a good investment from a speculative scam. This shows a good public school education “Trumps” (pun intended) one of those boutiques she’s been shoving off on the public
I hope the DeVos family lost every single penny
🙄 I thought this was about StephenKing!😏