Elizabeth Holmes, serving a lengthy prison sentence for fraud, claimed Tuesday on social media that one of the most-damaging pieces of evidence against her — that she appropriated drug-companies’ logos and affixed them to internal Theranos reports to deceive investors — was a “false claim” and “(expletive) thrown against the wall” by federal prosecutors in her trial.
A post on Holmes’ X account said, “False Claim of Fraud: Theranos faked Pfizer endorsement to defraud investors by adding logo.” Holmes has no access to social media while incarcerated in federal prison, but describes the account as “mostly my words, posted by others.”
The “truth,” the post said, was “16 months of work in partnership with Pfizer who paid $900,000 for the validation.”
But jurors in her four-month trial heard that while Pfizer did pay Theranos $900,000 for an exploratory study, the pharmaceutical giant did not endorse or validate the report, but instead emphatically rejected its conclusions and Theranos’ technology. Still, the jury heard, representatives of wealthy investors believed the Pfizer logo showed the drug companies’ approval of Theranos’ technology.
Holmes admitted on the witness stand to adding pharmaceutical companies’ logos to reports lauding Theranos’ technology that were given to investors and budding business-partner Walgreens.
“I wish I had done it differently,” Holmes told the jury. She testified that she put the logos on the Theranos reports because “this work was done in...
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