Elizabeth Holmes Is Trying To Stop Jurors From Finding Out About Her Lifestyle
As the CEO of Theranos, she was constantly in the spotlight, but fraud charges have her defense attorneys fearing the public will not react well to luxurious lifestyle, saying it’ll prejudice a jury.
“The amount of money Ms. Holmes earned in her position at Theranos, how she chose to spend that money, and the identities of people with whom she associated simply have no relevance to Ms. Holmes’ guilt or innocence,” the motion said.
The government alleges that Holmes “had her Theranos-paid assistants run personal errands, perform personal tasks, and purchase luxury goods,” according to the filing.
“The jury should not be subjected to arguments regarding Ms. Holmes’ alleged purchase of luxury travel, ‘fine wine,’ or ‘food delivery to her home’,” attorneys for Holmes said.
“Many CEOs live in luxurious housing, buy expensive vehicle and clothing, travel luxuriously and associate with famous people – as the government claims Ms. Holmes did,” the defense wrote.
Holmes' promise that Theranos could diagnose anything from diabetes to cancer with just a drop or two of blood would eventually be her downfall and despite tricking billionaire investors, board members and Walgreens, it all came crashing down when the company was exposed.
Holmes and her co-defendant Ramesh “Sunny” Balwani are charged with a dozen felony fraud charges.
Their trial is expected to start in U.S. District Court in San Jose, CA on March 9.
Holmes faces up to 20 years in prison if convicted.