US prosecutors argue Theranos founder chose fraud over failure

Elizabeth Holmes chose fraud over failure, say prosecutors in the criminal trial, alleging that she defrauded investors even as the blood testing machines did not work. — AFP

Prosecutors said Thursday fallen US biotech star Elizabeth Holmes chose fraud over admitting failure of her blood-testing startup Theranos, in their final pitch to jurors in her high-profile Silicon Valley trial.

Holmes potentially faces prison time if convicted on allegations she defrauded investors and clients of her once-hyped firm, which collapsed after its testing machines did not work.