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Theranos’ Elizabeth Holmes to be sentenced in September for fraud conviction

Theranos founder Elizabeth Holmes is slated to be sentenced on Sept 26 on her convictions for defrauding buyers within the blood-testing startup, in keeping with a court docket submitting on Wednesday.

Holmes, 37, was once convicted on Jan 3 on 3 counts of fraud and one depend of conspiring to defraud non-public buyers within the corporate. She stays unfastened on a $500,000 bond secured by way of homes.

Holmes plans to invite the pass judgement on overseeing her case to overturn her convictions, in keeping with court docket filings. If he does now not, she is more likely to enchantment and may search to droop her sentence till a last ruling.

The previous entrepreneur become a Silicon Valley superstar after claiming Theranos machines may run not unusual blood exams on a couple of drops from a finger prick. As soon as valued at $9 billion, Theranos collapsed after the Wall Side road Magazine revealed a chain of articles, beginning in 2015, that steered its gadgets have been wrong and misguided.

Holmes was once indicted in 2018 on allegations of defrauding buyers and sufferers. Ultimate week, a jury convicted her on 4 investor-related fees, acquitted her on 4 patient-related fees and deadlocked on 3 different counts.

Holmes had agreed with prosecutors that her sentencing must happen in September, given “ongoing court cases in a connected subject.” The trial of former Theranos govt Ramesh “Sunny” Balwani is scheduled to start out on March 9.

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