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    Aron Solomon Joins NBC’s Continuing Coverage of Elizabeth Holmes Trial

    Interviews 2 Mins Read

    By Staff Writer

    Yesterday, the Elizabeth Holmes trial pivoted to a mixture of both business and technology, as Daniel Mosley took the stand. Mosley, who represents high dollar investors like the Walton family,  founders of Wal-Mart, who put $150 million into Theranos, the DeVos family in for $100 million, and even former Secretary of State Henry Kissinger, both an investor and board member for Theranos. testified how Elizabeth Holmes allegedly convinced these high-dollar investors to part with hundreds of millions of dollars.

    According to the defense, not one of them looked closely at where their money was going. 

    Esquire Digital’s chief legal analyst Aron Solomon joined NBC Bay Area reporter Scott Budman and shared,“there really has been such an absence of due diligence throughout this entire process.”

    According to Mosley’s testimony, Holmes convinced all of these high profile investors that the Theranos machines worked and the company would eventually make money. Solomon added that  today’s testimony, meant to help prosecutors, could actually boost the defense:

    “The defense is gaining ground because they’re showing that, you know, anybody who’s going to invest hundreds of millions of dollars into a start-up, especially a scientific start-up, a technology start-up. At the absolute minimum needs to be convinced that the technology works.”

    Additionally, prosecutors shared that on more than one occasion, Theranos released memos with its logo, alongside those of pharmaceutical giants Pfizer and Schering-Plough. The prosecution brought witnesses to the stand to testify that neither of those companies authorized Theranos to use their logos.

    Watch the report in full below:

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