From our neighbors south, and individuals who have held land from Spanish land grants, they farmed this land, they farmed this rich land, and they produced them, this was the center for the world, this agriculture. She said the abuse occurred during the time in which prosecutors allege she and Balwani lied to investors and duped patients and doctors about Theranos, which Holmes, now 37, founded as a 19 year old. We are lazy and disorganized. We read about her. So failure is not uncommon, and you should recognize that, they suggest. Mine is full of bad tweets and shit talking and screenshots that should never, ever see the light of day. That's what provided and drove this area's economy. Whether its a short vacation or theyre jetting off to begin their career, show the future traveler you care with a meaningful graduation gift. Carreyrou had sought to interview both Holmes and Balwani but neither agreed. Justin Sullivan/Getty Images (Balwani). "My water." "And ocean." "Meant to be only together tiger.". TBD is part of a larger what next family. It's the history of this area. This case is so troubling on so many, so many levels. Balwani is effusive, often offering encouragement, advice and prayers to Holmes. Texts between Elizabeth Holmes and COO ex-boyfriend revealed The issue there is the SCC depositions which Elizabeth conducted in twenty seventeen in in the depositions. Elizabeth Holmes's reputation is disgraced, and her career is essentially over. Holmes faces the maximum possible penalty of 20 years in prison, but, if convicted, would likely receive far less time. Prosecutors released the text messages as they prepared opening statements for Holmes fraud trial, which began on Wednesday. So what was it that caused was it intoxication, as I said, with the fame? It only becomes clear that that is not the case when she takes a blood test, that is not a Theranos test. And I wonder if that will influence the way the jury thinks about this, that that the stakes are higher, that its not just like, ooh, cool new technology start up, but that this has such profound effects on peoples lives. When they created, those two individuals, they created what they did, and they also, in creating their company, they also created an ethos and they created a way of conducting their business creating what they do, treating their employees and their business partners in a way that sought to continue innovation, to produce innovation recognizing that this area would soon be the crucible for innovation around the world as it is today. Access your favorite topics in a personalized feed while you're on the go. Youre listening to what next TBD Im Lizzie OLeary, and Im talking with ABC News business correspondent Rebecca Jarvis. Ten minutes later, Holmes texted again: "No response?" Juries are far less likely to buy into the idea of insanity or somebody doing something not in their right mind, particularly when its a series of events over the course of many years versus a, you know, a one time breaking point. Ranchers, farmers came to this valley from Europe, from Asia. The new season of her podcast, The Dropout, starts on August 31st. Youre one of those people, right? Text evidence in Holmes' fraud trial shows proclamations of love but also tensions. That same month, Holmes texted Balwani: "Just finished calls. They have many emails . Concurrent with that is with those businesses are how do we fund that? That thats still fully exist today. This area no longer produced the strawberries, the apricots, the cherries, the artichokes, and the tomatoes that it once did in that great abundance, but rather the technology changed, didn't it? So which which Elizabeth are we going to see at trial? Balwani oversaw Theranos lab, which thegovernment says provided false and misleading results of blood tests that endangered some peoples lives and inflicted harm on many, Wade noted in his remarks. We know one one thing that we will see a trial is that we will see a recent mom, new mom. Once the company was dissolved, wiped its servers, the database is gone. "My new life as of this night and forever more: - total confidence in myself best business person of the year focus details excellence don't give what anyone thinks engage employees in meetings by stories and making it about them (ie prepare well)," Holmes texted Balwani in November 2014 while discussing the full moon that evening. transcript. The test validation report originally said it was prepared for a doctor, but that was deleted before it was shared with Walgreens. They could be very useful because youd love to see if millions of tests were inaccurate, if a huge percentage of the tests based on these results were inaccurate. "'In all the world, there is no heart for me like yours. In all the world, there is no love for you like mine.' We could never access the data. S1: Rebecca Jarvis spent years covering homes and made an investigative podcast about her called The Dropout. hide caption. SEC.gov | Elizabeth Holmes Transcript The question is now, how is the jury going to respond to the evidence of individuals coming forward and saying, heres my story. The government released the messages in anticipation that Holmes would try to blame Balwani for mismanagement of the company. She raised almost a billion dollars in capital. Others were much more personal. Trial hinges on how she is painted in courtroom, Elizabeth Holmes trial to dissect downfall of a tech star, Where is Elizabeth Holmes? CNBC reached out to Walton and Murdoch. "You have my love in every breath. She had creative ideas. We want to hear from you. I've read her background. This precocity was a key part of her public image. She got into that world. Elizabeth Holmes Called Herself "Business Person of the Year:" Report S2: part of it. They did not respond. Updated Fawning text messages between Elizabeth Holmes, the disgraced founder of blood-testing startup Theranos, and her ex-boyfriend and former business partner have been revealed after. This morning prosecutors asked the judge to grant her immunity to protect her against self incrimination while testifying. The court would accept that. We've received your submission. Since then, Holmes has settled separate civil fraud charges with the Securities and Exchange Commission without admitting guilt. We see stories of fraud in in both sets. "One dedicated security guy with us all night." You'll recall the wonderful innovation of those two individuals in that small garage in Palo Alto. Is that heady when you hear that? She faces up to 20 years in prison and has pleaded not guilty. Podcast: 'The Dropout: Elizabeth Holmes on Trial' - ABC News Now, that said, shes lost some of the civil battles on that front or Theranos has lost some of the civil battles on that front. Assistant U.S. Attorney Robert Leach told the jury, This is a case about fraud, about lying and cheating to get money. Dramatic text messages were front and center Wednesday on another day of the Elizabeth Holmes trial. They also reveal that Holmes told Balwani about courting high-profile investors who ended up giving Theranos hundreds of millions of dollars. The employee recalled that time period as an incredibly difficult one at the company with high-profile exits including the sudden departure of lab director Adam Rosendorff. CNBC has obtained nearly 600 pages of private text and Skype messages between former Theranos CEO Elizabeth Holmes and her then-boyfriend Sunny Balwani. S4: At 19 years old, Elizabeth Holmes dropped out of Stanford. That is our show for today. Below is a transcript of Davila's full remarks at the end of the sentencing hearing in San Jose, Calif., just before he handed down her punishment. "And so, that was it.". Sign up for free newsletters and get more CNBC delivered to your inbox. Holmes responded: "I thought so.". If what government is trying to show is that Theranos clinical lab was not well run from 2013 to 2016, we will likely agree with what they have to say,Wade said. These Theranos tests and what if in the time of Covid there was something like that that existed, like what if we were fully misinformed about health care and our health care decisions based on faulty information? Elizabeth Holmes was CEO of Theranos. delivered emotional testimony to the court, Elizabeth Holmes testifies about alleged sexual and emotional abuse at fraud trial. The industry that we know of here regrettably finds vectors with the financial and personal gain that clouds sometimes the good judgment of individuals, and we see that. She faces cross-examination today. Balwani responded: "Awesome. I sought to change the world. So we will do it. Prosecutors just released text messages . S1: The second part of the prosecutions case is about patients, people who used Theranos blood tests and got inaccurate and sometimes devastating results. What was it that caused Ms. Holmes, regrettably, to make those decisions that she did? But then I dont want distractions until we win. She responded: Then lets focus on it in our room, do dinner, and go back early. I dont like distractions ever.. Balwani: I know things are tough but dont give up on your dreams. Prosecutors in Elizabeth Holmes' fraud trial have released more text messages between the Theranos founder and Ramesh "Sunny" Balwani, her ex and the company's former president and COO, offering a glimpse into their past romantic relationship and internal workings at the now-defunct blood-testing startup. He said he was impressed by Holmes and hoped to use Theranos machines in the field of battle on soldiers, but was ultimately disappointed that he was not allowed to test the machines. She had the power to fire Balwani whenever she wanted, Leach noted on several occasions. @kron4news pic.twitter.com/cA0OLv8smz. She is a big thinker. "Ditto times a million," Holmes replied. Like when Balwani texted her in April 2015: The Vegas trip is such a distraction. Holmes did not disagree. "-Likely refering to Journal reporter @JohnCarreyrou. He represents many who find themselves disproportionately insinuated into the criminal justice system because of poverty, lack of education, opportunity for family support, and his work exposes the inequities of the treatment of many in our criminal justice system. In their opening statement, Holmes defense team painted her as an innocent businesswoman whose company failed, and they reminded the jury that she did not run Theranos alone. Those are concurrent, concurrent as to each count. S5: You know, its its not what matters. S2: I would describe her as somebody who is incredibly ambitious. He texted Holmes: "The Vegas trip is such a distraction. it's, "we believe that no one should invest no more than they are expected to lose.". Breathe and in every hour be conscious of your breath and breath out fear. Ramesh "Sunny" Balwani was COO. Millions of people got these tests. "Can't wait to learn more about conversation with Rupert," Balwani texted in response. Pray we get time of joy and happiness and carefreeness like birds soon," Balwani told Holmes in a couple of texts in April 2016.