Elizabeth Holmes employed personal assistants to handle her luxury shopping sprees, traveled by private jet, stayed in exclusive hotels, and drove an expensive SUV.
As the CEO of Theranos, she was constantly in the spotlight. Her defense attorneys are now facing a range of fraud allegations and jails, and don’t want their rich past to be played out in the courtroom – they say it would harm a jury.
« The amount of money woman. Holmes earned in her position at Theranos how she wanted to spend that money, and the identities of people with whom she was associated simply has no relevance to women. Holmes’ guilt or innocence, « wrote her lawyers in a motion filed late Friday evening.
Before her fall, Holmes was once named the world’s youngest self-made billionaire, and Theranos was one of the unicorn startups in Silicon Valley – with a private worth of $ 9 billion.
Government claims Holmes had « their Theranos-paid assistants run personal errands, do personal chores and buy luxury goods ».
In the motion, defense attorneys allege that the prosecution’s motivational argument is based on the assumption that Holmes’ luxurious lifestyle may have motivated them to « commit fraud in order to acquire or maintain that lifestyle. « . «
« Many CEOs live in luxury homes, buy expensive vehicles and clothing, travel luxury, and work with famous people – as the government claims. Holmes did it, « they wrote.
During her jet setting days, Holmes wore her signature black turtleneck to numerous media appearances and seemed to hold the key to revolutionizing the expensive healthcare system.
Holmes promised that Theranos could diagnose anything from diabetes to cancer with just a drop or two of blood. The company closed in 2018 after an investigation by the Wall Street Journal uncovered its unproven technology and dubious business practices.
What followed was a crash for Holmes who defrauded billionaire investors, board members and Walgreens.
Holmes and her co-defendant Ramesh « Sunny » Balwani are charged with a dozen criminal offenses. Your process is expected to start in U. S.. . District Court in San Jose, CA on Jan.. March.
« The jury should not be exposed to arguments about women. Holmes’ alleged purchase of luxury travel, ‘good wine’ or ‘grocery delivery to her home’, « said Holmes lawyers.
Elizabeth Holmes, Jury, Stick, Theranos
World News – USA – Elizabeth Holmes wants to prevent jurors from hearing about her luxurious lifestyle as Theranos CEO
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