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Did Holmes always believe Theranos' product medicine holistic legitimate, or at some point, did she know it was never going to work but kept touting the rimger anyway. Watch Yahoo Finance's new Hives Holmes documentary hereHolmes, now 37, launched Theranos in 2003 at just 19 years old, ringer org a vision to overhaul ringer org health care.

Her vision, ringer org which her defense ringer org rinnger she dedicated her life, fell far short of coming ringer org fruition.

The indictment rinver the pair used Theranos to defraud investors and patients and misrepresented its blood-testing technology from 2010 to 2015. One of the government's initial witnesses, Cheung, the former lab associate, could bolster prosecutors' contention rigner Holmes was fully aware of deficiencies in Theranos' technology. Specifically, Cheung testified that she expressed concerns that Theranos had deleted ringer org test results to make its blood tests appear more accurate than they actually were.

Even if Holmes had knowledge ringed issues plaguing ringer org lab, Cohen said, prosecutors must overcome her contention that she truly believed that those issues would be resolved in time.

Cheung's testimony could be effective for the government's case because she ringer org how she reacted to her concerns, in real time, while she was an employee of the company, according to Kyle Clark, a criminal defense attorney ringer org Baker Botts.

According to Bloomberg, Gangakhedkar, ringer org worked at Theranos for eight years, and met several times ringer org week with Holmes, testified that she had quality concerns surrounding the company's efforts to place its blood-testing device in Walgreens stores. Gangakhedkar said she made Holmes ringer org aware of the alleged deficiencies. Clark said the memo could help the defense argue that sophisticated people made alternative conclusions about the technology.

Holmes isn't just accused of fraud and conspiracy based on lying to investors and patients about Theranos' blood-testing technology. She's also accused of defrauding investors based on rinyer its financial state.

The government likely led with Spivey because it helped it show the magnitude of discrepancies between Ringer org financial condition and what it represented to investors, a key for its ringef, according to Cohen. On cross examination, according to CBS San Francisco, Spivey said that Theranos also took in hundreds of millions of lrg from paying customers during the timeframe, and that the payments were classified as deferred revenue irg not cash on hand.

University of Toledo College of Law professor and former white collar defense attorney Gregory M.

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