Business Maverick: Elizabeth Holmes Says Fraud Trial Unfair Because She Went First

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Theranos Inc. founder Elizabeth Holmes asked for a new trial on the grounds that she was unfairly disadvantaged by being tried before her ex-boyfriend and Theranos President Ramesh “Sunny” Balwani.

Facing a sentencing next month that could put her in prison for as much as a decade, Holmes has filed a flurry of long-shot motions in recent weeks to try to get a new trial. In a filing late Wednesday in federal court in San Jose, California, her lawyers claimed she would’ve been exonerated if Balwani had gone on trial first.

At her own trial, Holmes’s defense team tried to cast Balwani as being behind any fraud at Theranos, the blood-testing startup that attracted big-name investors and reached a peak valuation of $9 billion before it emerged that its finger-prick tests didn’t work. She also claimed he was an abusive partner — which Balwani has denied.

In a Tuesday filing, Holmes’s lawyers also argued that a new trial was warranted because a key witness at the trial, former Theranos lab director Adam Rosendorff, visited her house last month and expressed misgivings about his testimony.

 

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She's playing for time. Evil woman deserves to sit forever

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