S2: and we featured a woman who was spending a lot of money on blood tests. Theranos. Concurrent with that is with those businesses are how do we fund that? Legal experts say Spivey is establishing a motive. She is a big thinker. We know what happened there. It was sent to Walgreens. The private jets, the run ins with celebrity, with former presidents, the handbags, the makeup, the clothes, the shoes, all of these things which were a part of the benefits to her, to being the founder and CEO of the company. The Theranos test came back showing levels that would indicate her breast cancer had returned. Isnt everyones? She left her boyfriend and business partner, Sunny Bellone behind, started a new relationship and just recently gave birth. S1: The US in 2018, the United States filed criminal charges against her and her former CEO and boyfriend, Sunny, about warning next week. And a few minutes later, Balwani told Holmes "Getting private security for u". S1: But the Theranos blood testing devices didnt work like they were supposed to. Many of Holmess lies are documented, but Rebecca says that doesnt mean its a guaranteed victory. So the defense will argue this is all anecdotal. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Plan, focus, stay organized and stay in control. They every single legal expert comes back to Elizabeth that Elizabeth Holmes herself what she presents to the jury, whether 12 people buy the story that Elizabeth Holmes did not intend to do wrong. And that these were early stage investments and they should have had a better sense of things. Theranos founder Elizabeth Holmes and the companys president Ramesh Sunny Balwani exchanged intimate text messages that offer a rare look inside their once-secret romantic relationship. Hmm. Jurors on Wednesday began to hear a series of text messages sent between Elizabeth Holmes and Ramesh "Sunny" Balwani, offered with no context but most appearing to show instances when Ms. Holmes . Now, Ive talked to a number of legal experts who believe that that type of defense, a mental disease or defect, can really backfire with a jury. Prosecutors said when Holmes was faced with failure and her company was in danger of going broke, she chose to lie and deceive investors to keep her company from falling apart. That same month, Holmes texted Balwani: "Just finished calls. Following the publication of Carreyrou's story raising questions about the number of tests Theranos was able to perform and the accuracy of the company's technology, Holmes made a now-famous defiant appearance on CNBC's "Mad Money" with Jim Cramer. On Tuesday, federal prosecutors had their first chance to directly question Holmes and offered another theory of the case: that Holmes was engrossed with the innerworkings of the company as chief executive when it was engaged in fraud and that her relationship with Balwani, who faces a separate trial, was more romantic than Holmes' portrayal. The government says we never actually got access to it. Read the full text of the newly released text messages between Elizabeth Holmes and Sunny Balwani starting on page 10 here. S2: Ive thought a lot about that, too, and I agree with that. In one exchange, he even suggests Holmes meet one-on-one with self-help author and motivational speaker Tony Robbins: He doesnt do this but we can ask.. They didn't talk about that, and I don't think that they could. And they were moving. The court has recognized that the sentence needs to be imposed to reflect the seriousness of the offense and to promote respect for the law and to provide just punishment for the offense, to afford adequate deterrence in criminal conduct. I think the key question is, is Elizabeth herself going to testify at her trial? Within 180 texts exchanged, there were many romantic messages.
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