January 26, 2022

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Theranos case | Elizabeth Holmes, convicted of fraud, faces trial in September

(San Francisco) A California judge on Wednesday announced that Silicon Valley star Elizabeth Holmes, who was last week convicted of fraud by a California court, will be sentenced on Sept. 26.

Released at 8:56 last night

The founder of Theronos, a startup that promised to revolutionize blood testing, could face decades in prison.

On Tuesday, his lawyers and the government agreed that the sentencing hearing would not take place until September.

They refer to the action against Ramesh “Sunny” Balwani, the former COO of Theranos and former comrade of Elizabeth Holmes, which is to be investigated separately.

He faces the same charges as she did – and pleaded not guilty – but his trial was delayed due to Omicron’s variation.

According to another legal document filed Wednesday in a San Jose court, it is now set to begin on March 15.

After more than three months of investigation and seven days of deliberation, an arbitral tribunal last Monday found Elizabeth Holmes, 37, guilty of defrauding investors, but acquitted her of some of the charges and could not accept the other facts on which she was charged.

Prosecutors have decided to drop the charges the judges did not vote for.

Elizabeth Holmes, who got married this summer and had a baby boy, is out on bail.

He founded Theranos in 2003, just 19 years old, and promised faster and cheaper diagnostic tools than traditional labs.

With the help of a very detailed story and look, I was able to gain the trust of celebrities in a few years and raise funds from valuable investors inspired by this young woman’s profile, which is the world’s rarest California male world. Engineers.

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