To David Ring, an attorney who has represented victims of alleged sexual abuse and has been following the trial closely, Holmes' testimony was “an incredibly risky move.”

His lawyer has emphatically denied Holmes' claims of abuse. At the company's peak, Holmes' ownership stake was valued at $4.5 billion.īalwani faces his own trial over Theranos' collapse next year. Mostly flattering articles published during 20 cast her as a brilliant entrepreneur on the verge of revolutionizing health care with a device that she said could scan a few drops of blood for hundreds of potential diseases and infirmities. Holmes' self-depiction as Balwani's pawn represented a radical departure from the image she had carefully crafted for the media and in public presentations. Far worse, Holmes claimed that Balwani abused her emotionally and sexually during their 11 -year stealth romantic relationship, which continued while they ran Theranos together from 2009 until she ousted Balwani from the company in May 2016. She depicted herself as a tortured soul who was ruthlessly manipulated by Balwani, a previously successful technology entrepreneur nearly 20 years her senior.Īfter presenting a terse, handwritten instruction guide that she said Balwani demanded she follow, Holmes testified that he managed everything from her diet to her friendships. Holmes’ pivotal moment came last week when she revealed that she had been raped during her freshman year at Stanford University, a traumatic event that she testified was later exploited by Balwani, the company's chief operating officer.

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