theranos trial
Bulletins

Holmes' lawyers rest their case: She says she 'never' defrauded investors

Witness testimony ended Wednesday in the former Theranos CEO's criminal fraud trial. Closing arguments will take place next week.

Theranos founder and former CEO Elizabeth Holmes walks with her mother Noel Holmes

After seven days, Holmes' lawyers rested their case Wednesday in Elizabeth Holmes' criminal fraud trial.

Photo: Justin Sullivan/Getty Images

When asked by her attorney if she ever intentionally misled investors in failed blood-testing startup Theranos, Elizabeth Holmes confidently responded, "Never."

The assertion was the final question put to her on the stand, highlighting an overarching theme of her defense that Theranos was something she believed in, and that others had reason to believe in it too.

After seven days, Holmes' lawyers rested their case Wednesday in the disgraced CEO's criminal fraud trial, in which she's facing 11 counts of wire fraud and conspiracy to commit wire fraud. As the government won't bring rebuttal witnesses, closing arguments from each side are up next, which would likely start on Dec. 16, U.S. District Judge Edward Davila said.

Nat Rubio-Licht

Nat Rubio-Licht is a Los Angeles-based news writer at Protocol. They graduated from Syracuse University with a degree in newspaper and online journalism in May 2020. Prior to joining the team, they worked at the Los Angeles Business Journal as a technology and aerospace reporter.

elizabeth holmes theranos theranos trial
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Bulletins