Current:Home > NewsElizabeth Holmes testifies about alleged sexual and emotional abuse at fraud trial -PureWealth Academy
Elizabeth Holmes testifies about alleged sexual and emotional abuse at fraud trial
View
Date:2025-04-22 18:28:34
Elizabeth Holmes was the victim of sexual abuse and was regularly berated verbally by her former romantic and business partner while she ran the blood-testing company Theranos, she testified to the jury in her fraud trial on Monday.
At times, the former Theranos chief executive dabbed her eyes with a tissue and spoke haltingly on the witness stand that Ramesh "Sunny" Balwani – the company's No. 2 executive — exerted control over her by disparaging her and forcing her to have sex with him.
In court papers, her lawyers have argued that the alleged abuse interfered with Holmes' ability to think clearly during the time of the crimes charged by federal prosecutors.
She said he planned out her diet in order to keep her "pure," and that he would chastise her when he perceived that she lacked confidence or focus.
Balwani, who is also charged with fraud and faces a January trial, has denied the allegations through his attorney.
"He told me that I didn't know what I was doing in business, that my convictions were wrong, that he was astonished at my mediocrity," Holmes said during her fourth day of testimony.
Holmes grew emotional recounting how being raped as a student at Stanford led her to drop out of the school. For her, the best way to process the trauma was to turn Theranos into her indefatigable passion and obsession, she told the jury.
Not long after she left Stanford, the now 37-year-old struck up a romantic relationship with Balwani, who is nearly 20 years her senior.
"He said I was safe now that I had met him," Holmes said.
Over time, Holmes said she realized she was being manipulated and abused by Balwani. He once told her that she had to "be more like a man if I wanted to be in business," she testified.
Holmes told the jury that Balwani wanted her to "kill the old Elizabeth," which she said meant to "kill" the person who could never succeed in life or business.
"He had taught me everything I thought I knew about business, and he was the best business person that I knew," Holmes said. "I didn't question him in the way that I otherwise would have."
The explosive allegations against Balwani have been expected, since legal filings were unsealed in August describing a pattern of physical and emotional abuse Holmes allegedly suffered over a nearly decade-long romantic relationship with Balwani.
But Monday represented a stunning turning point in the trial, the first time the accusations were heard directly by the jury that will determine her fate.
Federal prosecutors have charged Holmes with 11 counts of wire fraud and conspiracy to commit wire fraud over the collapse of biotech startup Theranos. Once valued at $9 billion on promises of revolutionizing the health care industry, the company buckled under scrutiny from the media and government regulators.
According to the indictment against Holmes and Balwani, the two lied to investors about the company's technology being groundbreaking to land incredible sums of money and misled patients by providing flawed or false blood test results.
Holmes taking the witness stand has been the most-anticipated testimony of a trial that has stretched on for 13 weeks.
Persuading the jury to unanimously agree that Holmes acted intentionally will be pivotal to securing a conviction. But she has spent days on the witness stand attempting to prove the opposite.
She has suggested that other Theranos employees, including lab scientists and Balwani, were closest to some of the more troubling facets of the company.
Holmes did, however, admit in earlier testimony that she had personally added the logos of pharmaceutical companies to documents sent to potential business partners and investors that validated Theranos' technology, despite never having permission from the companies. It was, Holmes admitted, an ill-advised move that she now regretted.
On Monday, Holmes told the jury that around May 2016 Balwani left Theranos in the wake of a lab inspection from regulators that raised concern about the company's standards. At that point, Holmes severed her romantic relationship with him and moved out from the home they shared.
"He wasn't who I thought he was," Holmes testified. "And I realized if I was going to fix its issues and see the company through its potential I had to do that at the company without him."
Federal prosecutors are set to cross-examine Holmes on Tuesday.
veryGood! (9141)
Related
- North Carolina justices rule for restaurants in COVID
- All the Candid 2024 People's Choice Awards Moments You Didn't See on TV
- 2024 People’s Choice Awards Red Carpet Fashion: See Every Look as the Stars Arrive
- 200-ft radio tower stolen in Alabama: Station's GM speaks out as police investigate
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Virginia house explosion kills 1 firefighter, injures over a dozen other people
- Read the full decision in Trump's New York civil fraud case
- People's Choice Awards 2024 Winners: See the Complete List
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Sacramento State's Matt Masciangelo was hit an astounding 8 times in 9 at-bats
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Hundreds of officers tried to protect the Super Bowl parade. Here's why it wasn't enough.
- NBA All-Star Game again sees tons of points, lack of defense despite call for better competition
- Minnesota community mourns 2 officers, 1 firefighter killed at the scene of a domestic call
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- After three decades spent On the Road, beloved photographer Bob Caccamise retires
- Convicted killer who fled from a Phoenix-area halfway house is back in custody 4 days later
- Inside Hilary Swank's New Life With Her Million Dollar Babies
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Alexey Navalny, fierce critic of Vladimir Putin, dies in a Russian penal colony, officials say
Patrick and Brittany Mahomes Celebrate Daughter Sterling's 3rd Birthday at Butterfly Tea Party
Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
South Korean president's party divided over defiant martial law speech
Sizzling 62 at Riv: Hideki Matsuyama smiling again after winning 2024 Genesis Invitational
Jessie James Decker Gives Birth, Welcomes Baby No. 4 With Husband Eric Decker
200-ft radio tower stolen in Alabama: Station's GM speaks out as police investigate