The Elizabeth Holmes trial: Her testimony may have turned the tide
In early September, at the beginning of the criminal-fraud trial against Theranos' founder, Elizabeth Holmes, her lawyers asserted a subtle but important point about her celebrity during the mid-2010s. Her white-hot public profile, they said, wasn't something she sought. It was a marketing ploy devised by Chiat Day, the image polishers favored by Steve Jobs.
It was a masterful moment — not for what Holmes said but for what she implied. She stands accused of fraudulently lying to everyone Downey asked her about and faces up to 20 years behind bars if convicted. Until now, her defense had been a matter of straightforward denial: I never lied to anyone, and any misstatements I might have uttered were crafted for me by others.
Simply seeing her face was a revelation. Holmes has attended every day of the trial, sitting masked, muted, and erect at the defense table. And now here she was on the stand, looking every bit her famous self.
Before her testimony, Holmes had given little indication that her relationship with Balwani, who served as president of Theranos, was anything but loving. Downey started at the beginning, guiding Holmes through their personal history: how they met when she was 18, how they had kept in touch when she started at Stanford. Downey then asked Holmes a seemingly innocuous question.
The room was silent, save for her sobbing. Adriana Kratzmann, a deputy who serves as a stern enforcer of courtroom decorum, stood up and handed Holmes a box of tissues. Holmes took one and wiped her eyes and nose.
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