Elizabeth Holmes accuses ex-boyfriend, Theranos partner of forced sex

elizabeth holmes, fraud, theranos

Much of Holmes’ defense has focused on the idea that Ramesh “Sunny” Balwani was really the one running the company. Yichuan Cao/Sipa USA/Sipa via AP Images

Elizabeth Holmes — the disgraced founder of defunct blood-testing startup Theranos — cried on the stand Monday as she testified about being raped as a student and allegedly abused by her ex-boyfriend and former business partner.

The 37-year-old entrepreneur testified that being raped while a student at Stanford University pushed her to drop out of school and throw herself into building the company.

When she later started dating Sunny Balwani, her co-defendant and former Theranos COO who’s being tried separately, “he said I was safe now that I had met him,” Holmes testified as part of her own defense in her fraud trial.

But, she went on, Balwani allegedly perpetuated a cycle of abuse in which he controlled all aspects of Holmes’ life and the way she ran Theranos.

Holmes — some 20 years younger than Balwani — testified that Balwani coached her on how to behave and speak, and pushed her to adopt a rigorous daily schedule as well as strict diet.

“He told me that I didn’t know what I was doing in business, that my convictions were wrong, that he was astonished at my mediocrity and if I followed my instincts I was going to fail,” Holmes claimed.

She added that he said that “who I was was never going to be a person who would succeed in life or in business, so I needed to kill that person and become a new Elizabeth.”

elizabeth holmes, fraud, theranos

Holmes could be sent to jail for over.20 years for her charges.

Ethan Swope/Getty Images

“He would force me to have sex with him when I didn’t want to because he would say that he wanted me to know he still loved me,” Holmes added, sobbing.

Throughout the trial, prosecutors have accused Holmes of lying about Theranos’ technology and manipulating investors to enrich herself and become the world’s youngest self-made female billionaire.

Holmes is facing two counts of conspiracy to commit wire fraud and nine counts of wire fraud — and could be sent to jail for 20 years. The trial is scheduled to end Dec. 17.

But Holmes has sought to cast the blame for the company’s failures on Balwani, saying that he truly controlled the company while she served only as its unwitting public face.

Balwani, for his part, has disputed the accusations. He’ll be tried separately next year.

On Monday, Holmes’ defense team presented a document that Holmes said she created on her iPhone that contained notes she allegedly took after Balwani had been yelling at her.

“I don’t enjoy being in a company that’s not going to win. I don’t have the faith. So angry at myself for coming. So angry spent [sic] 5 years of my life. Biggest failure of my life. Regret coming. Stayed because I love you … F–king mediocre quality of this piece of s–t company,” he allegedly told her.

After one incident in which Balwani allegedly forced her to have sex, Holmes wrote in another document recorded on her iPhone: “Don’t enjoy literally anything about it or who I am if I did it. Hurts so much. So so much. Can’t focus on anything except why? Why hurting myself? Can’t even move let alone do sit-ups or actually sit up. Lying swollen. Literally.”

Balwani’s grasp on Holmes was broken in 2016, shortly after The Wall Street Journal published an expose that raised questions about the claims made by Theranos about its products.

Holmes said it was a report from an internal lab inspection in 2015, which Holmes did not see until 2016, that was her wake-up call. That report said Theranos’ products posed “immediate jeopardy to patient safety.”

Balwani left the company that year after Holmes brought in outside advisors and lab directors.

Holmes will likely face tough questioning from prosecutors on Tuesday as the direct examination by her defense team came to a close on Monday.

Despite Holmes’ claims of abuse, various witnesses earlier in the trial have said Holmes was the true leader of the company and that they saw Balwani defer to her in meetings.

James Mattis, for example, a former Theranos board member and investor, testified that Holmes was “in charge” of the company.

News Related

OTHER NEWS

Budget 2022 | Policymakers are trying to find a way to put the economy back on track, says Ankit Yadav of Market Maestroo

Ankit Yadav is the Wealth Manager (USA) and Director at Market Maestroo Ankit Yadav, wealth manager (USA) and director at Market Maestroo, feels agriculture will get more benefits from the ... Read more »

Maxim Gorin Explains How to Create a Social Media Policy for Your Business

Social media has become the front-facing communication source for many businesses, but with great responsibility. You need to ensure that your company employs the correct etiquette to avoid potential lawsuits. ... Read more »

Asian shares cautiously higher as investors await Fed policy update

Asian Markets_markets_Stocks Asian share markets got off to a cautious start on January 26, after another volatile Wall Street session, as investors braced for the outcome of the Fed’s meeting ... Read more »

Reliance doubles down on media, likely to unveil its big strategy soon

Representative image Reliance Industries seems to be zooming in on the media business with a strong push to both broadcasting as well as digital media. The company is also planning to ... Read more »

Wall Street ends down as markets whipsaw ahead of Fed meeting

Representative image US stocks gyrated in afternoon trading to close lower with interest rate sensitive tech stocks weighing most heavily as uncertainties surrounding an increasingly hawkish Federal Reserve and rising ... Read more »

Responsible Online Gambling: Myth or Reality?

Gambling is one of these hobbies where others might look at you with a bit of judgement. The risk of losing money and the potential of developing an addiction have ... Read more »

Experts Predict Rapid Growth of Market for Plant-Based Seafood

Major growth is coming to the plant-based seafood industry as companies find willing investors for the meatless food products that continue to rise in popularity. One of the most significant ... Read more »

Realtors pay bigger-than-average bonuses after 12 months of record sales in Hong Kong defied city's Covid-19 outbreak and gloomy job market

Hong Kong’s realtors will increase the bonus cheques of their clerical staff this year, after 12 months of record property transactions that defied the city’s gloomy labour market and a ... Read more »

Microsoft beats quarterly revenue estimates on cloud strength

Satya Nadella, CEO, Microsoft Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on January 25, propelled by strong demand for its cloud-based services from more businesses migrating to hybrid work ... Read more »

Warren Buffett plans in-person Berkshire annual meeting as Omicron wave crests

Warren Buffett. Warren Buffett’s Berkshire Hathaway Inc plans this year to let shareholders attend the company’s annual meeting for the first time in three years, amid signs the Omicron wave ... Read more »

US house leaders unveil chips, China competition bill

US President Joe Biden (File image: AP Photo) US House of Representatives leaders on Tuesday unveiled a bill aimed at increasing US competitiveness with China and supporting the US chip ... Read more »

Tencent, NetEase push Hong Kong stocks higher as investors shrug off Fed rate rise concerns

Hong Kong stocks snapped a two-day losing streak, with tech stocks leading the charge, shaking off jitters of a hawkish Federal Reserve. Oil-related stocks rose on geopolitical tensions. The Hang ... Read more »

GM's $7 billion investment intensifies EV battle with Ford, Tesla

General Motors (Representative Image: Reuters) General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying ... Read more »

Adani Wilmar IPO opens tomorrow – Should you subscribe?

Representative image Adani Wilmar Ltd, incorporated in 1999 as a joint venture between Adani Group and Wilmar Group of Singapore, is an FMCG company offering kitchen commodities for Indian consumers ... Read more »

Petrol, Diesel Prices Today on January 26: Check rates in Delhi, Mumbai and other cities

In Delhi, the petrol price remained unchanged and retailed at Rs 95.41 a litre. (Representative image) Petrol and diesel prices remained unchanged for the 82nd day in a row on ... Read more »

Share market holiday: BSE, NSE shut today on Republic Day

The National Stock Exchange of India (NSE) and the BSE will remain closed on January 26 on account of Republic Day. Wholesale commodity markets, including metal and bullion, will also ... Read more »

Hotels in Asia-Pacific likely to see surge in investment this year as coronavirus restrictions ease, JLL report says

Hotels in Asia-Pacific are likely to receive investment of more than US$9 billion this year, a 30 per cent increase from 2021, as countries begin to ease their Covid-19 restrictions ... Read more »

Elon Musk nudges McDonald's to accept Dogecoin: ‘I will eat a Happy Meal on TV'

Elon Musk urged McDonald’s to accept Dogecoin as a form of payment on Twitter. Barcroft Media via Getty Images If Elon Musk gets his way, McDonald’s will become the latest ... Read more »

Saudi restores full ties with Thailand after diamond dispute

The Associated PressIn this photo released by the Saudi Royal Palace, Saudi Crown Prince Mohammed bin Salman, right, welcomes Thai Prime Minister Prayuth Chan-ocha, at the royal palace in Riyadh, ... Read more »

Cramer's lightning round: I still believe in Cleveland-Cliffs

Schrodinger: “I don't know. It seems low enough. I know the Bill and Melinda Gates Foundation own it, but the problem is Cathie Wood owns it [for] ARK. When things ... Read more »

China's top money managers bet on more tech stocks, cut liquor producers to boost returns amid policy challenges

China’s biggest fund managers increased their bets on technology and green-energy stocks at the expense of liquor distillers, taking advantage of depressed valuations following a trillion-dollar sector crash. They had ... Read more »

Logitech turns in strong quarter, but CEO says supply chain woes still held back sales

Logitech's better-than-expected quarterly results may have been stronger without the ongoing supply chain challenges, CEO Bracken Darrell told CNBC's Jim Cramer on Tuesday. “We could have been even better,” Darrell ... Read more »

Will Musk win the mind reading contest?

Right now I am in dire need of some miracles. Fortunately, they are not completely out of the world yet – if you look for a while. Last week I ... Read more »

CN railroad names new CEO, resolves dispute with investor

OMAHA, Neb. — Canadian National railroad on Tuesday named a new CEO and also reached an agreement with the investment fund that has been pushing it to focus more on ... Read more »

CBS: housing stock increased by more than 77,000 last year

Photo: ANP The stock of homes in the Netherlands increased by more than 77,000 last year. This is reported by the Central Bureau of Statistics (CBS) based on new figures. ... Read more »

Uncle Jack's Steakhouse wants you to tip the kitchen staff

Owner Willie Degel would like to utilize software to give patrons an opportunity to remember unseen crew members. Helayne Seidman Frustrated that you haven’t been able to tip the kitchen ... Read more »

Jim Cramer says Union Pacific is the best railroad stock to own in this market

CNBC's Jim Cramer said Tuesday he prefers Union Pacific over industry peer CSX, suggesting investors who want to own a railroad stock go with the Nebraska-based operator. “Don't let the ... Read more »

Cramer says the stock market is being dragged down by 2021's flurry of IPOs and SPAC deals

CNBC's Jim Cramer on Tuesday lamented the flurry of companies that went public in 2021 through traditional IPOs and SPAC deals, suggesting that it's playing a role in Wall Street's ... Read more »

Singapore's higher property tax to have short-term impact on home sales as buyers reconsider options, analysts say

Property demand in Singapore is likely to remain subdued in the first half of the year as buyers digest the latest cooling measures rolled out by the city state, analysts ... Read more »

SKC sees growing farm machinery market

Farm truck maker Siam Kubota Corporation (SKC) has revised down its revenue target to 63 billion baht this year, a slight drop from 2021, despite better business prospects in Thailand's ... Read more »

Mice prospects look bright for new QSNCC Occupancy rate is already at 70%

A digital rendition of the new ‘BALM’ retail space under the concept of ‘Bangkok Active Lifestyle Mall’ at the QSNCC. N.C.C. Management & Development anticipates a boost in revenue of ... Read more »

Salad Factory keen to offer new outlets

Mr Piya, right, and Mr Wiphu announce their collaboration to develop plant-based salad dressings at Salad Factory restaurants. Green Food Factory Co, the operator of Salad Factory restaurants, plans to ... Read more »

SCGP targets 10% revenue growth a year

SCG Packaging Plc (SCGP) expects its total revenue to grow to 180 billion baht within 2027, thanks to merger and partnership (M&P) deals as well as business expansion projects. This ... Read more »

Test & Go a fillip for Thai tourism Despite the optimism, a cautious approach is still required

Tourists relax on a beach on Koh Tao in Surat Thani this month. (Photo: Supapong Chaolan) Following an improvement in Thai tourism during the festive season in December, the industry ... Read more »

Fed mulls rate hike as commodities soar

Analysts suggest investors closely monitor the US Federal Reserve's meeting on Jan 25-26 as the central bank may decide to hike interest rates to curb inflation and spiralling oil prices. ... Read more »

Minister vows to tackle high palm oil prices

Commerce Minister Jurin Laksanawisit has pledged to tackle high palm oil prices this week after cooking oil prices jumped to nearly 70 baht per bottle from 56-60 baht at the ... Read more »

Burger King leaning on international expansion in rivalry with McDonald's

Restaurant Brands International COO Joshua Kobza noted that the success of their expansion plan is readily apparent when looking at their international growth. Burger King attributes its massive growth to ... Read more »

Renewed push to tidy overhead cables

A rat’s nest of cable wires hang above an overpass on Phahon Yothin Road in Bangkok. Apichit Jinakul The National Broadcasting and Telecommunications Commission (NBTC) has vowed to clean up overhead ... Read more »

Digital assets banned for payment Regulators fret about financial stability

Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy. According to a ... Read more »

Forex investors are well placed to profit from divergent US and Chinese monetary policies

With China and the United States going in opposite directions on monetary policy, investors will need to identify how best to benefit from this. In the currency space, this will ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic