(San Francisco) Elizabeth Holmes, the fallen Silicon Valley star convicted last week of fraud by a California court, is expected to be determined on September 26, according to a California judge’s ruling released Wednesday.
Posted at 8:56 p.m.
The founder of Theranos, a start-up that promised to revolutionize blood tests, risks spending several decades in prison.
On Tuesday, his lawyers and the government had agreed that the sentencing hearing would not take place until September “given the ongoing process in a related case.”
They were referring to the proceeding against Theranos’ ex-COO and former companion of Elizabeth Holmes, Ramesh “Sunny” Balwani, which is to be tried separately.
He faces the same charges as she does – and has pleaded not guilty – but his trial has been delayed because of the Omicron variant.
It must now begin on March 15, according to another legal document filed Wednesday in the court of San José.
After more than three months of trial and seven days of deliberation, a jury last Monday found Elizabeth Holmes, 37, guilty of defrauding investors, but acquitted her of certain charges and was unable to to agree on other facts with which he was accused.
Prosecutors have decided to drop the charges on which jurors abstained.
Elizabeth Holmes, who is married and had a baby boy this summer, remains on bail.
She had founded Theranos in 2003, at just 19, and promised diagnostic tools that were faster and cheaper than those in traditional laboratories.
With the help of a very elaborate story and appearance, she had managed in a few years to gain the trust of luminaries and to raise funds from prestigious investors attracted by the profile of this young woman, a rarity in the world. male world of Californian engineers.