SAN JOSE, Calif.—A Texas money manager who invested more than $1 million in Theranos Inc. when it was still an early-stage healthcare startup took the stand Wednesday in the criminal-fraud trial of founder Elizabeth Holmes to detail the promises she made that helped convince him to back the company.

The testimony of Alan Eisenman underpins one of the wire fraud charges Ms. Holmes faces in a 12-count indictment, and builds on similar stories jurors have heard from other investors at trial.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Steve Scalise and Jim Jordan face a tense and divided GOP in House speaker fight

WASHINGTON — The Republicans vying to be the next House speaker will…

Walmart Adding ‘Pop-Up’ Centers for Online Holiday Sales

Trailers wait to be transported at a large Walmart regional distribution center…

Match’s Dating App in Japan Gives Women Control, Makes Men Pay

TOKYO—Dating-app companies have seen Japan as playing hard to get, but one…

Some Conferences Steer Away From Florida, Citing State’s Divisive Laws

What to Read Next This post first appeared on wsj.com