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		<title>Holmes Protection Focuses on Undermining Testimony of SF Hedge-Fund Supervisor – CBS San Francisco</title>
		<link>https://losgatosnewsandevents.com/holmes-protection-focuses-on-undermining-testimony-of-sf-hedge-fund-supervisor-cbs-san-francisco/</link>
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		<pubDate>Thu, 18 Nov 2021 04:54:16 +0000</pubDate>
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					<description><![CDATA[<p>SAN JOSE (KPIX) &#8211; An Arizona woman testified in the fraud trial against Elizabeth Holmes on Wednesday that Theranos gave her a false positive blood test for HIV. Erin Tompkins, of Phoenix, Arizona, testified that she became interested in Theranos after reading an article in Fortune Magazine. CONTINUE READING: SUV crashes into Rohnert Park office &#8230;</p>
<p>The post <a href="https://losgatosnewsandevents.com/holmes-protection-focuses-on-undermining-testimony-of-sf-hedge-fund-supervisor-cbs-san-francisco/">Holmes Protection Focuses on Undermining Testimony of SF Hedge-Fund Supervisor – CBS San Francisco</a> appeared first on <a href="https://losgatosnewsandevents.com">Los Gatos News And Events</a>.</p>
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<p>SAN JOSE (KPIX) &#8211; An Arizona woman testified in the fraud trial against Elizabeth Holmes on Wednesday that Theranos gave her a false positive blood test for HIV.</p>
<p>Erin Tompkins, of Phoenix, Arizona, testified that she became interested in Theranos after reading an article in Fortune Magazine.</p>
<p><strong style="color: black; float: left; padding-right: 5px;">CONTINUE READING: </strong>SUV crashes into Rohnert Park office building, 2 injured</p>
<p>In 2015 she got a blood test from a fingertip at a location in Theranos and liked that it was affordable.  But their results were positive for HIV antibodies.</p>
<p>She got emotional and said she had no help from Theranos customer service.</p>
<p>So she got a second test from another lab that came back negative and has since tested negative.</p>
<p>It was a dramatic departure from the lengthy cross-examination of San Francisco-based hedge fund manager and investor Brian Grossman.</p>
<p>Grossman testified for prosecutors that Elizabeth Holmes lied to him, which resulted in his company losing $ 96 million.</p>
<p><strong style="color: black; float: left; padding-right: 5px;">CONTINUE READING: </strong>Suspect of &#8220;productive&#8221; retail theft arrested;  Used self checkout kiosks to steal from the San Francisco Target store</p>
<p>But defense attorney Lance Wade tried to turn the tables, showing that Grossman based his investment on his own overly optimistic and shaky calculations that Theranos could be worth over $ 20 billion by 2020.</p>
<p>&#8220;You are trying to say that the investment decision was made on the basis of this witness&#8217;s hype, the allegations that this witness made, not Elizabeth Holmes.  They are trying to create reasonable doubts, &#8220;said Michele Hagan, a former prosecutor and legal expert who is following the process.</p>
<p>Trying to keep to his schedule, the judge expressed frustration with the defense attorneys, pointing out that Grossman&#8217;s cross-examination had lasted six and a half hours, while the face-to-face indictment lasted an hour and a half.</p>
<p>&#8220;The defense has the right to ask all kinds of questions,&#8221; said Hagan.</p>
<p>Sit up, listen carefully, and barely move a muscle during the entire process, was Elizabeth Holmes.  She has faced multiple cases of criminal fraud and conspiracy.  These charges could jail her for up to 20 years.</p>
<p><strong style="color: black; float: left; padding-right: 5px;">MORE NEWS: </strong>Opioid Overdose Deaths Rise to 100,000 Annually in US;  Crisis felt in neighborhoods in the Bay Area</p>
<p>Calling their final witnesses, prosecutors have previously said that they will likely close their case by Friday.</p>
<p>The post <a href="https://losgatosnewsandevents.com/holmes-protection-focuses-on-undermining-testimony-of-sf-hedge-fund-supervisor-cbs-san-francisco/">Holmes Protection Focuses on Undermining Testimony of SF Hedge-Fund Supervisor – CBS San Francisco</a> appeared first on <a href="https://losgatosnewsandevents.com">Los Gatos News And Events</a>.</p>
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