Elizabeth Holmes testifies in her own US criminal fraud trial | Business and Economic News

Holmes’ testimony was designed to reshape her as an innovator, and she should hardly be punished for daring to try to reform a key aspect of healthcare.

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Elizabeth Holmes will continue the high-stakes strategy of testifying for her defense in her criminal fraud trial.

The founder of Theranos Inc. will return to the witness box of the San Jose, California Federal Court on Monday, and she unexpectedly appears in court later last week. Long before the court opened, reporters and curious members of the public lined up to have a chance to hear Holmes’s own voice.

Her testimony will continue where she left on Friday, describing the origins of her blood testing startup while answering friendly questions from her own lawyer. In the beginning, her strategy seemed to be an attempt to break the pattern that prosecutors had forged in months of testimony, in which a young woman lied shamelessly to powerful figures in business, finance, and government in order to gain success and fame.

Holmes’ testimony was designed to reshape her as an innovator, and she should hardly be punished for daring to try to reform a key aspect of healthcare. In a sense, this may be a gamble worth taking a risk. The 37-year-old Stanford University dropout became an entrepreneur and has proven to be an active and persuasive advocate for her company. If she can do this at Theranos, why can’t she convince a juror that she is innocent? Prosecutors need a unanimous verdict to convict.

But this is also a risky move. Under inquiry from her own lawyer, Holmes will have to refute months of evidence designed to prove that she defrauded investors of hundreds of millions of dollars and endangered patients due to inaccurate laboratory results. Then she will have to do the same thing, but under greater pressure from the prosecutor to question her.

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