Former U.S. Secretary of Defense James Mattis testified Wednesday in a trial of fallen high-tech star Elizabeth Holmes, and entrepreneurs misunderstood him as she was on the verge of opening a blood test breakthrough, killing the army in combat. He said he wanted to help save him.
Matisse’s appearance took place on the sixth day of a high-profile trial in San Jose, California.U.S. government Holmes claims to have deceived sophisticated investors, patients and customers Her startup, Theranos, believed that she had developed a technology that could scan a series of potential health problems with just a few drops of blood. Existing tests usually require a vial of blood for each.
Matisse first met Holmes in 2011 in a maskless testimony over three hours behind Plexiglas, serving as a four-star general in the Marine Corps that oversaw the US war in Iraq and Afghanistan. When I was there, I remembered how impressed I was with Holmes.
A few months after retiring from the army in 2013, Mathis joined Theranos’ board of directors and invested some of his savings in startups. In 2017, Mathis joined President Donald Trump’s cabinet.
Mattis, called “Mad Dog,” testified that Holmes first beat him as a “sharp, clear, devoted” CEO while in the army, and she was interested in her time. I explained about a compact blood tester called Edison. What Theranos was developing.
Holmes assured Edison that he could scan for health problems with a finger stab. Matisse is a concept that testifies to its potential use on the battlefield as “quite breathtaking.”
“I strongly believe in what you designed / built and hope you can test it in the theater soon,” Mattis wrote in an email in March 2013, shortly before retiring from the military. In other emails, Mathis lovingly addressed Holmes as “Young Elizabeth.”
While interrogating Mattis, Holmes’ lawyer showed an email from a retired general in July 2013, suggesting that he had suppressed expectations of Theranos’ military impact. “The US military may be a customer, but it’s likely not immediately or in a big way,” Mattis wrote, seeking permission to join Theranos’ board of directors.
In another email presented by a government prosecutor during Mattis’ testimony, Holmes encouraged his belief in what Theranos could do for the military. “This initiative is a small way to serve and does whatever it takes to be successful,” Holmes assured him by email.
As Mattis testified, Holmes watched him enthusiastically with little emotion.Holmes maintains her innocence and claims that she has devoted her life to inventions that she truly believed would revolutionize medicine. Failed in her quest..
Holmes, 37, persuaded Mathis, 71, to join Theranos’ board of directors in late 2013, despite his lack of medical background. Mattis testified that he wanted the board to help Holmes teach her about leadership and team building.
In addition to joining the board, Mattis said he also decided to invest $ 85,000 in his savings to give the game a “skin.” According to evidence submitted by Holmes lawyer Wednesday, Theranos paid him $ 150,000 a year as a board member, but Mattis gave Holmes free because he “believes what you are doing.” I testified that I would do it.
By the time he left Theranos in late 2016, Mathis testified that he had lost confidence in Holmes.His disillusionment began a year ago after a series Explosives published in The Wall Street Journal It reveals a nasty flaw and inaccuracy in Theranos’ blood test technology. These exposures caused the downfall of Theranos and culminated in criminal proceedings against Holmes. If she is convicted, she can be sent to jail for up to 20 years.
“I don’t know what to believe about Theranos,” Mattis said, but couldn’t pinpoint the exact date when he lost confidence in Holmes.
Mattis isn’t the only well-known director and investor addicted to Holmes and Theranos.
Other members of Theranos’ board of directors included the late George Shultz, Henry Kissinger, William Perry, and other former cabinet members, including former Wells Fargo Bank CEO Richard Kobasevic. The list of billionaire investors who once valued private companies for $ 9 billion included media mogul Rupert Murdoch, Wal-Mart’s Walton family, and Oracle co-founder Larry Ellison.
Some of them are expected to testify during the trial, which is scheduled to run until December 17.
James Mattis testifies at the trial of Elizabeth Holmes Theranos
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