. >> reporter: jeff cooler smith representing bawani, they say he and holmes were behind a multi-million scheme to defraud investors and another to duplicate doctors and patients. the pair is accused of knowingly lying about the accuracy and the reliability of their products. technology that was supposed to be a better way of doing blood tests. a busy lab that joe biden visited in 2015. that shows homes and biden touring the facility. the only proof that it exists is this note giving contact information. after calling the listed numbers one man identified as a employee, he said that he was not shocked at today's courtroom development. in fact, i complimented homlmes on her passion for her work. the two are expected back had court in august. if convicted the two can each spend up to 20 years behind bars. reporting live in san jose tonight. abc 7 news. >> all right, thank you. now, holmes dropped out of stanford and started theranos in 2013. she was featured in national publications and one called her the next steve jobs. >> as investors flocked to theranos, her company was valued at $9 mi