Holmes Says Her Wealth Has No Place in Theranos Fraud Trial

  • Prosecutors intend to show evidence of ‘luxurious lifestyle’
  • Startup founder is accused of deceiving investors, patients
Elizabeth Holmes leaves federal court in San Jose, California, in 2019.

Photographer: Michael Short/Bloomberg

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Theranos Inc. founder Elizabeth Holmes doesn’t want U.S. prosecutors to vilify her for a “luxurious lifestyle” at her criminal fraud trial.

Holmes, who reigned briefly as the world’s youngest female self-made billionaire over her promise to revolutionize blood testing, has previously explored blaming advocacy journalism for the spectacular downfall of her Silicon Valley startup and pointing to a possible “mental disease or defect” to defend against charges that could send her to prison.