Elizabeth Holmes Sentencing Proposed for September

4 months ago 96
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  • Holmes sentencing connected the 4 charges she was recovered blameworthy of has been projected for Sept. 12.
  • Holmes' merchandise would see a $500,000 enslaved secured by property.
  • The tribunal filing besides said the authorities volition disregard counts 3, 4 and 5 of the indictment successful which the assemblage deadlocked on.

Former Theranos CEO Elizabeth Holmes, who was convicted of national fraud charges past week, volition beryllium placed connected a $500,000 enslaved secured by spot and sentenced Sept. 12 nether presumption projected successful a tribunal filing connected Tuesday night.

The tribunal filing besides said the authorities volition disregard counts 3, 4 and 5 of the indictment successful which the assemblage deadlocked on.

The 3 dropped counts subordinate to investors Alan Eisenman, Chris Lucas from Black Diamond Ventures and Bryan Tolbert from Hall Group. All 3 of the investors testified that Holmes misled them astir her blood-testing company.

Money Report

Theranos raised implicit $945 cardinal from investors implicit its lifetime.

The projected stipulation which was filed by the authorities and attorneys for Holmes, said "the parties hold that a sentencing proceeding pursuing Labor Day 2022 would beryllium due successful airy of ongoing proceedings successful a related matter."

That refers to pending fraud charges against erstwhile Theranos president and Holmes' Ramesh "Sunny" Balwani, her apical enforcement and fellow astatine the time.

The tribunal filing besides sets a timeline for some sides to record post-trial motions. U.S. District Court Judge Edward Davila would request to o.k. the associated motion.

After much than 50 hours of deliberations, Holmes was recovered blameworthy of 3 counts of ligament fraud and 1 number of conspiracy to perpetrate ligament fraud relating to lying to investors. The assemblage of 8 men and 4 women recovered her not blameworthy of 4 charges relating to lying to patients. The assemblage could not scope a unanimous verdict connected 3 counts relating to investors.

Balwani, who has pleaded not guilty, is facing the aforesaid charges successful a abstracted proceedings that has been delayed until March owed to the Covid surge.

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