Elizabeth Holmes trial: Aggrieved Theranos investor takes the stand

Elizabeth Holmes trial: Aggrieved Theranos investor takes the stand

2 years ago
Anonymous $np3LcwuhSi

https://www.siliconvalley.com/2021/11/10/elizabeth-holmes-trial-aggrieved-theranos-investor-takes-the-stand/

A retired Texas money manager testified bitterly Wednesday in Theranos founder Elizabeth Holmes’ fraud trial about his lost investments in the company, but refrained from repeating before the jury that he wanted Holmes to go to prison.

Alan Eisenman told the jury that he and his family invested $1.1 million in Theranos in 2006. He grew frustrated at what he described as an unwillingness by Holmes to provide information on the company. Despite the suspicions that the lack of information raised for him, Eisenmann put another $100,000 into Theranos in 2013, based on claims from Holmes and Balwani, and press reports about Theranos, that persuaded him the investment would pay off, he testified.