Elizabeth Holmes Speaks for Herself

Who is actually to blame for the spectacular downfall of the blood-testing startup Theranos? Is it Elizabeth Holmes, the girl boss founder who faces 11 counts of wire fraud for allegedly misleading investors? Or is it the company’s employees who signed off on various reports suggesting the technology performed well? What about Theranos’ board members—like George Shultz, James Mattis, and Henry Kissinger—who got paid hundreds of thousands of dollars to advise the company? Or is it Ramesh Balwani, Holmes’ business partner and ex-boyfriend, who separately faces 11 counts of fraud?

Each of these theories has been explored in the past several days as Holmes took the stand, 11 weeks into

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