On Monday, after weathering months of accusations that she had lied to get cash for her blood testing start-up, Theranos, Elizabeth Holmes, the embattled entrepreneur who’s on trial for fraud, sharpened her protection.

In her second day of testimony, which lasted just below two hours, Ms. Holmes’s attorneys confirmed reveals and requested her inquiries to push again towards the prosecution’s claims that she defrauded traders, sufferers and medical doctors.

The thought, as laid out by Ms. Holmes’s attorneys within the trial’s opening statements, was to indicate {that a} kernel of fact might have existed beneath a number of the most blatant misrepresentations that prosecutors have proven Ms. Holmes making.

Right here had been the principle rebuttals:

Theranos labored with pharmaceutical firms

One of many key allegations prosecutors have made towards Ms. Holmes is that she claimed Theranos’s know-how had been “comprehensively validated” by 10 of the world’s 15 largest pharmaceutical firms.

That was not true, prosecutors have mentioned. But Theranos despatched studies displaying these firms’ logos to traders, who testified that the studies lent the younger start-up credibility and helped persuade them to speculate.

On Monday, Ms. Holmes painted a special image. Theranos did work with pharmaceutical firms, she testified. There have been medical research and even a research printed in a peer-reviewed journal. (Ms. Holmes’s lawyer didn’t title which one.)

The questioning allowed Ms. Holmes to deal with Theranos’s early successes and the conversations she had with potential companions whereas glossing over the outcomes of these conversations. Ms. Holmes stopped in need of addressing her later claims about Theranos’s successes and in regards to the studies, which appeared to provide Theranos stamps of approval from pharmaceutical firms.

Deflecting blame

Throughout her testimony, Ms. Holmes additionally tried to deflect blame. She mentioned she realized about Theranos’s know-how from the scientists and medical doctors who labored within the firm’s lab. She added that she believed them after they mentioned the know-how labored. The implication: Ms. Holmes couldn’t have meant to deceive traders if she believed the know-how was actual.

“We thought this was a extremely huge thought,” Ms. Holmes mentioned.

Ms. Holmes has been charged with 11 counts of fraud and conspiracy to commit fraud. She has pleaded not responsible. If convicted, she faces as much as 20 years in jail.

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