Prosecutor in Theranos case closes by telling jury that Elizabeth Holmes 'chose fraud over business failure'

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Closing arguments in former Theranos CEO Elizabeth Holmes' criminal fraud trial kicked off on Thursday.

The day began shortly before 2 a.m. PT, with journalists, spectators and members of Holmes' entourage lining up in the rain to get into the courthouse., who worked at Theranos and became a key whistleblower. Shultz's name appeared on the list of possible witnesses for the government, but he was never called to testify. Shultz, the grandson of former Secretary of State and early Theranos board member George Shultz, declined to comment.

"There weren't events at Theranos that occurred without her decision or involvement," Schenk said. Schenk also showed the jury a chart, titled "Knowledge of falsity," which listed her false statements alongside exhibits. "The picture can change quite a good deal as a result of waiting for the full story," Downey said, adding that prosecutors withheld important information from the jury. Downey told jurors about 11 successful partnerships Theranos had with drug companies.

 

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