Theranos Founder Elizabeth Holmes’s Trial Begins With Staking of Positions

SAN JOSE, Calif.—After years of making promises it couldn’t keep, Theranos Inc. turned to fraud to keep money coming in the door, prosecutors told jurors during opening statements of the highly anticipated criminal trial of company founder Elizabeth Holmes.

“Out of time and out of money, Elizabeth Holmes decided to lie,” Robert Leach, an assistant U.S. attorney, told a jury of five women and seven men.

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