You can be on Entrepreneur’s cover!

Elizabeth Holmes Unexpectedly Takes the Stand to Defend Herself in Theranos Trial The disgraced CEO of the now-defunct Theranos will continue her testimony on Monday.

By Chloe Arrojado

entrepreneur daily
Justin Sullivan | Getty Images

Since the beginning of September, the high-profile trial of Elizabeth Holmes has been taking place. Prosecutors have been using testimonies from lawyers and investors, all in an effort to build a case against the CEO of now-defunct Theranos.

On Friday, Elizabeth Holmes unexpectedly took the stand to defend herself after the prosecution rested its case.

"For the defense, this is an opportunity for the jury to meet the 'real' Elizabeth Holmes," law professor Miriam Baer told CNN. "If Holmes paints herself as a 'big ideas' innovator who happened to be unaware of the company's failures or misstatements, she can help her case — or at least sow doubt among several jurors," said Baer. "And she can also help her case marginally if she appears more sympathetic or likeable than the person portrayed by the government's witnesses."

Related: The Career Rise and Fall of Theranos Founder Elizabeth Holmes

Holmes testified for about an hour and is set to resume her testimony on Monday. The court is also going to be in session Tuesday before breaking for the holiday. There are disadvantages to taking the stand, as Holmes is now subject to a cross-examination that is expected to be "really, really rigorous." However, now the 37-year-old has the opportunity to give her narrative.

And the defense needs all of the opportunities it can get. Holmes has been charged with nine counts of wire fraud two counts to commit wire fraud. She faces up to 20 years in prison. However, she has pleaded not guilty.

A calendar on Judge Edward Davila's website has the trial scheduled through December 17.

Related: Former Theranos CEO Elizabeth Holmes Plans to Accuse Her Ex-Boyfriend of Abuse

Chloe Arrojado

Entrepreneur Staff

Editorial Assistant

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Solutions

Grab Microsoft Project Professional 2021 for $20 During This Flash Sale

This small investment is well worth the time it will save your team in organizing and monitoring project work.

Business News

Microsoft's New AI Can Make Photographs Sing and Talk — and It Already Has the Mona Lisa Lip-Syncing

The VASA-1 AI model was not trained on the Mona Lisa but could animate it anyway.

Data & Recovery

This File Backup Tool Subscription Is $25 for Life for One Week Only

AOEMI Backupper Professional is designed to protect, store, and transfer user's files for them.