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Prosecutors allege Theranos fraud fueled Elizabeth Holmes’ lifestyle


Billionaire Elizabeth Holmes, founder and chief executive officer of Theranos Inc., left, and Christian Holmes arrive at a state dinner hosted by U.S. President Barack Obama and U.S. First Lady Michelle Obama in honor of Japan’s Prime Minister Shinzo Abe at the White House in Washington, D.C., U.S., on Tuesday, April 28, 2015.

Andrew Harrer | Bloomberg | Getty Images

Prosecutors are painting a picture of what the public saw: a billionaire entrepreneur who donned designer labels with her black turtlenecks while rubbing shoulders with world leaders.

But like the hall of mirrors at the carnival, according to the government, it was all just an illusion.

Elizabeth Holmes intended to use Theranos…


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