Holmes' Mental State Key To Fraud Defense, Legal Pros Say

By Dorothy Atkins (August 30, 2021, 12:11 AM EDT) -- Former Theranos CEO Elizabeth Holmes' defense in her upcoming criminal fraud trial will likely hinge on her mental state during the blood-testing startup's rise and the role Theranos' high-profile board members and corporate counsel played in advising her before its collapse, according to legal experts.

The 37-year-old former Silicon Valley executive will face a California federal jury in a high-profile trial that kicks off with jury selection in San Jose on Tuesday, more than three years after prosecutors hit Holmes and former Theranos Chief Operating Officer Ramesh "Sunny" Balwani with a 33-count wire fraud and conspiracy indictment.

Prosecutors accuse the pair...

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