Big Fraud Trial in a Very Small World

The transcript discusses the DeVos family's investment in Theranos, a biotech startup led by Elizabeth Holmes. The family invested nearly $100 million after meeting with Holmes and Ramesh Balwani. Lisa Peterson testified that Holmes targeted wealthy families for investment, claiming their devices could detect diseases with a finger prick. However, the devices did not work as promised.

What was the primary reason for the DeVos family's investment in Theranos?

• They were impressed by the company's financial performance.

• They were influenced by a government recommendation.

• They wanted to diversify their investment portfolio.

• They believed in the potential of Theranos's technology.

Who accompanied Elizabeth Holmes during the meeting with the DeVos family?

• Her legal advisor

• Her business partner

• A representative from the FDA

• Ramesh Sunny Balwani

What was the role of Lisa Peterson in the context of the Theranos investment?

• She was a legal advisor to Theranos.

• She was a director at the DeVos family office.

• She was a marketing executive at Theranos.

• She was a financial analyst for the government.

What was the unique selling point of Theranos's technology?

• It required only a small blood sample for testing.

• It was the cheapest testing device on the market.

• It could diagnose diseases without any blood sample.

• It was the fastest testing device available.

What was the outcome of the Theranos devices' performance?

• They failed to meet expectations.

• They exceeded expectations.

• They were never tested.

• They worked as advertised.