James Mattis testifies in Elizabeth Holmes-Theranos fraud trial

Texas News Today

Former US Secretary of Defense James Mattis on September 3, 2019 in New York City.

Stephen Feldman | Getty Images

SAN JOSE, CA—Former US Defense Secretary James Mattis testified Wednesday that he was “clearly surprised” at what was initially possible as Theranos director, but later became disillusioned with the company.

“We were risking our reputation. Reputation risk is something I take note of given my background,” Mattis said on a stand during the trial of former Theranos CEO Elizabeth Holmes. told.

Mathis, a retired four-star general, was a member of Theranos’ board of directors from 2013 to December 2016 and was the first witness to draw attention since the trial began last month. The jury enthusiastically listened to his testimony, which lasted three hours.

“Looking back now, I’m disappointed with the level of transparency Holmes has brought,” Mattis said.

Mattis was the seventh witness called by the government to testify in the case. Holmes is fighting 12 charges of wire fraud and conspiracy in relation to defrauded investors and patients. He pleaded not guilty.

“I was not a medical professional”

Mattis said he met Holmes after the event in San Francisco. So he stabbed his finger to demonstrate his blood test technique.

He said the CEO’s first impression was “sharp, clear and dedicated”, but initially hesitant to accept Holmes’ invitation to the board.

“I asked her ‘why.’ I wasn’t a medical person,” Mattis said. She remembered that Holmes had asked her to join the board.

Matisse eventually agreed to participate, testifying that he went to the bookstore, “two books and two pamphlets to teach himself to become a member of the board. I did. Mathis revealed that he had Invested $85,000 in Theranos and was paid $150,000 to serve on the board.

“Is this an important investment for you?” asked John Bostic, assistant US prosecutor.

“For those who have been in government for 40 years,” Mattis said.

Other prominent government figures on the board included former Secretary of State Henry Kissinger and George Schultz.

During interrogation, defense counsel pointed to an e-mail addressed to Mattis by Holmes in February 2015, and she and her CEO, RameshBarwani, who have been a romantic partner for some time, said. He said he would like to be paid for stock options instead of salary.

“At the time, I felt he had a strong belief in his company,” Mattis said.

Holmes’ lawyers also pointed out that board members were sophisticated and knowledgeable enough to express their views and ask questions when they had concerns. Mattis agreed.

Defense counsel also discussed the need for Holmes’ final security team. “Do you think you need to provide him with such protection?” asked Kevin Downey, Holmes’ defense attorney.

“Secretary Schultz called me out of fear that his public profile might be dangerous to him,” Mattis recalled. Mattis introduced Holmes to his longtime chief bodyguard.

“I left him. I thought his decision was good. Secretary Schultz probably knew more about the danger to the private world and the people on the top page of the magazine,” said Mattis. Rice field.

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