Prosecutors tell jury that Elizabeth Holmes chose 'fraud over business failure'

Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, U.S., December 16, 2021. REUTERS/Peter DaSilva

SAN JOSE, Calif. (Reuters) -A U.S. prosecutor told jurors on Thursday that if Theranos founder Elizabeth Holmes had been truthful with investors and patients about her blood-testing startup, the venture never would have attracted critical funding and revenue.

"She chose fraud over business failure. She chose to be dishonest," Assistant U.S. Attorney Jeff Schenk told jurors at the start of closing arguments. "That choice was not only callous, it was criminal."