Elizabeth Holmes trial: Closing arguments begin
CNN
The government began its closing arguments in the criminal fraud trial of Elizabeth Holmes on Thursday by stressing that the former CEO and founder of Theranos made a choice to lie to investors as her blood-testing startup was running out of money.
"She chose fraud over business failure. She chose to be dishonest with investors and with patients," prosecutor Jeffrey Schenk said in his closing remarks. He noted that the decision was not only "callous" but criminal.
The closing arguments cap off a high-profile trial that has gone on for more than three months. During its case, the prosecution called 29 witnesses including former Theranos employees, scientists, investors and even a former Secretary of Defense as it sought to illustrate how Theranos' technology fell far short of its claims as well as how it overstated its financials, misled investors about partnerships and leveraged the media to perpetuate its claims, all while pinning Holmes at the center of it all.
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