Betsy DeVos’s family misled by Elizabeth Holmes, Theranos in $100 million investment, rep testifies

Holmes, 37, is charged with 12 counts of wire fraud and conspiracy to commit wire fraud. If convicted, she faces as much as 20 years in jail. She has pleaded not responsible and stated she acted in good religion whereas operating the corporate. In courtroom paperwork earlier than the trial started, her protection staff accused her former boyfriend, Ramesh “Sunny” Balwani, who was Theranos’s chief working officer on the time, of abusing and controlling her. Balwani, 56, has denied the claims and Holmes’s protection staff has not introduced them up through the trial. Balwani, who has additionally pleaded not responsible, faces a separate trial in 2022.