CNBC’s Scott Cohn joins Shep Smith to report on the trial of Theranos Founder Elizabeth Holmes, and what she stated on the witness stand at this time. For entry to stay and unique video from CNBC subscribe to CNBC PRO:
“He would get very offended with me after which he would generally come upstairs to our bed room and pressure me to have intercourse with him once I didn’t wish to as a result of he needed me to know that he nonetheless beloved me,” stated Holmes, sometimes preventing again tears.
When requested how Balwani’s conduct affected her relationship along with her household, Holmes stated it was notably damaging.
“I noticed them lower than I’d ever seen them earlier than and I spoke to them lower than I had ever spoke to them earlier than,” she stated. “As a result of I used to be making an attempt to focus all of my time on the corporate. Sunny would get very upset if I used to be with my household. He stated it was a distraction to the enterprise.”
Jeffrey Coopersmith, Balwani’s legal professional, declined to remark.
Through the trial’s first 11 weeks, the prosecution known as to the stand former lab administrators, sufferers, docs, enterprise companions and traders, in addition to journalist Roger Parloff, who wrote the 2014 Fortune journal cowl story, “This CEO Is Out For Blood.”
The prosecution rested on Nov. 19, and later that day the protection stunned the courtroom in calling Holmes as a witness. The Stanford College dropout and former Silicon Valley wunderkind might spend as much as twenty years in jail if she’s convicted. She pleaded not responsible.
Balwani, who’s 20 years older than Holmes, faces the identical fees and might be on trial at a later date. He additionally pleaded not responsible.
Holmes began Theranos in 2003. Balwani joined six years later and, till his departure in 2016, served as Holmes’ second-in-command. In testimony final week, Holmes stated Balwani was in command of working the corporate’s labs and dealing with monetary projections.
Holmes informed jurors on Monday that she met Balwani in China. She was 18 on the time, and he was 38.
“I understood that he’d been a very profitable enterprise particular person, that he labored with Invoice Gates within the early days of Microsoft,” Holmes stated. “I talked to him about wanting to start out an organization, and an organization that I attempted to construct in highschool and I requested for his recommendation.”
Whereas she was finding out at Stanford the next faculty yr, Holmes stated Balwani would e mail her. Holmes dropped out of Stanford her sophomore yr to work on the corporate that grew to become Theranos.
Kevin Downey, Holmes’ legal professional, requested if there have been different causes she left Stanford.
“I used to be raped,” a crying Holmes stated. (Police businesses informed CNBC that they’d no report of a report underneath Holmes’ title.)
She was then requested in regards to the have an effect on that have had on her life.
“I used to be questioning what, how I used to be going to have the ability to course of that have and what I used to be going to do with my life,” she stated. “And I made a decision I used to be going to construct a life by constructing this firm.”
Downey requested Holmes whether or not she talked to Balwani in regards to the incident. Holmes stated she did and that, “He stated that I used to be secure now that I had met him.”
Through the prosecution’s case, Holmes was painted by a sequence of witnesses as Theranos’ undisputed chief and the particular person singularly accountable for all of its key selections. She picked board members, met with traders and organized enterprise conferences with potential companions.
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Billy Evans must be a real piece of work himself, to be sticking by this woman.
I have zero respect for either of them.
Serious consideration of should be given to taking their child away by child protective services. If only to avoid having that child be manipulated and brainwashed into thinking certain behaviour is acceptable.
Can’t totally dismiss her claim as that would be unfair. But But- Can we really trust her?
Just watched a couple of episodes of the Theranos series on Hulu The Drop Out. The series has portrayed Sunni as a victim of Elizabeth's desire to become a billionaire at all costs.
Cry me a river biatch! Nothing is this woman’s fAult! The nerve!
So does anyone believe anything she says? She will say and do anything to get out of trouble. She is great actress…doesn't do voices real well. I never bought it!
Sure Elizabeth we believe you 🙄
Holmes should never be let out of prison.
Narcissist 101:
It’s always someone else’s fault. I am the victim under all circumstances. Her husband is played the hardest, watch this unfold soon.
A woman’s go to when they don’t get what they want. They use sexual assault…
Take your medicine girl. You caused real people serious pain. The lies are absolutely pathetic.
Overreaching!
She was a young and brave independent female Steve Jobs when she conned people. Now, she's a victim…
You cannot be Captain Marvel and a helpless victim at the same time. That's mediocre logic!
elizabeth is a sociopath. she is calculating and in control at all times.
Everyone waiting to see jail time for her.
if there was abuse I bet it was the other way around just look at the power dynamic. I wait until Sunny brings tapes showing how Holmes was the dominant actor, lol.
Desperate broad. Just embarrassing herself more.
Poor little white girl blaming a colored man for her mistakes .. damn she might get away with it now .. I hate this world
This is a disgrace to the real victims of sexual abuse. This lady is a psychopath
Yeah right……and I have a bridge in Brooklyn I'm selling.
Balwani met Holmes while she was still in high school and he was 20 years older and married. He was also known to yell and mistreat Theranos employees. He's a POS, I'm hoping he gets a nice sentence.
I'm glad ppl see right through this. If she was on game of thrones shed be little finger 😂
She has been proven a lier. What do we believe
She can't be this dumb….
Trying to deflect. She’s an awful person.
They're both guility. Sunny ain't no angel, folks. But Holmes is a devil under blue eyes
Oh please. This excuse is just a desperate grasp at playing the “victim card”. I do not believe a word of it. Just a ploy to get sympathy when in reality, she knew exactly what she was doing and intentionally scammed everybody and anybody to achieve her narcissistic goals.
It’s funny how the narrative has to make it a man’s fault somehow lol.
Really? That's her defense?
He’s Pakistani they treat women differently and & I’m sure people saw some things but this is her scapegoat.
Shame 🔔🔔 Shame🔔 Shame 🔔🔔 , Shame 🔔🔔 Shame🔔 SHAME🔔🔔🔔
This is what narcissist do. Everything is the other persons fault, they’re alwayssss the victim. Girl you harmed more people than anyone has harmed you, stfu.
Poor Kopp little abused sociopath.
She probably was abused (most women have been sexually absued) at the same time- she is still guilty
Right…
She broke up with Balwani, she fired him but he abused and controlled her…
She's a terrible person. He is too, obviously. But she is awful.
Well thank goodness we got that sorted !! What about the judge did he cause some trouble ????
Honestly you can’t trust Indian men so i don’t doubt it’s true, but how does that make her commit fraud? Weird girl