Ex-Theranos CEO May Use ‘Mental Disease’ Defense In Criminal Fraud Case

Former Theranos Inc. CEO Elizabeth Holmes may use a “mental disease” defense in her upcoming criminal fraud trial, according to court documents.

Holmes, whose now-defunct biotech company was once valued at $9 billion, was indicted with the company’s former COO Ramesh “Sunny” Balwani in June 2018 on wire fraud charges. The indictment alleges the pair duped doctors and patients and engaged in a multi-million dollar scheme to defraud investors through their Silicon…

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