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Home » Star witness who visited Elizabeth Holmes after fraud trial says 'she must pay her debt to society'
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Star witness who visited Elizabeth Holmes after fraud trial says 'she must pay her debt to society'

Damini SharmaBy Damini SharmaOctober 18, 2022Updated:October 18, 2022No Comments3 Mins Read
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Former Theranos CEO Elizabeth Holmes (L) arrives at federal court docket along with her companion Billy Evans on October 17, 2022 in San Jose, California.

Justin Sullivan | Getty Images

SAN JOSE, Calif. — A star witness within the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony on Monday, two months after he confirmed up at Holmes’ doorstep to speak to her.

“I don’t want to help Ms. Holmes, she’s not someone who should be helped,” stated former Theranos lab director Adam Rosendorff throughout a particular listening to in U.S. District Court in San Jose. “The only person who can help Ms. Holmes is herself. She needs to pay her debt to society.”

In January, Holmes was convicted on 4 counts of wire fraud and conspiracy to commit wire fraud in reference to the collapse of Theranos. She is looking for a brand new trial due to an unannounced go to by Rosendorff to her house on the sprawling Green Gables property in Woodside, California, in August 2022.

According to court docket filings, Holmes’ companion Billy Evans claims that Rosendorff made remorseful feedback exterior of their house on Aug. 8. Evans stated that Rosendorff stated “he tried to answer the questions honestly but that the prosecutors tried to make everyone look bad.”

Evans claimed that Rosendorff stated he needed to “help” Holmes.

However, Rosendorff maintained throughout questioning from U.S. District Judge Edward Davila, federal prosecutors and an legal professional for Holmes that his earlier testimony that Theranos was a fraud was sincere.

Rosendorff informed the court docket that his dialog with Evans lasted 10 minutes and the rationale for his go to was to hunt forgiveness and therapeutic for himself so he “could move on” along with his life. He additionally disputed Holmes’ allegation that he recanted earlier statements made beneath oath in the course of the trial.

Rosendorff labored at Theranos from 2013 to late 2014. He spent six days on the stand, which was longer than another witness, throughout Holmes’ high-profile trial. It was revealed that Rosendorff was a key supply for former Wall Street Journal reporter John Carreyrou, who wrote a collection of tales that uncovered the corporate’s shortcomings and doubtful enterprise practices.

“In the months following Elizabeth Holmes’ conviction I started to feel increasingly distressed and uncomfortable at the prospect her young child would spend the formative years of their life without their mother,” Rosendorff informed an legal professional for Holmes. “And I understand Ms. Holmes may be pregnant again.”

Leaving court docket, Holmes didn’t reply questions on whether or not she was pregnant with a second baby.

Federal prosecutors and attorneys for Holmes will submit written arguments concerning Monday’s listening to inside one week. Judge Davila will then make a ruling on her movement for a brand new trial.

If the request is denied, Holmes is scheduled for sentencing on Nov. 18.

Source: www.cnbc.com

business news Collusion corporate crime Court decisions crime criminal Elizabeth Holmes Fraud and false statements Health care industry Silicon Valley technology Theranos Trials wealth
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Damini Sharma

Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.

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