Theranos founder Elizabeth Holmes faces jail time for fraud charges. Her trial is set to begin in

[TexasTowelie]

Theranos founder Elizabeth Holmes faces jail time for fraud charges. Her trial is set to begin in summer 2020.


Elizabeth Holmes will soon have her day in court.

On Friday, a judge in the US District Court for the Northern District of California said the trial for the founder of the blood-testing company Theranos and Sunny Balwani, its former president, would begin next summer. Jury selection will begin the week of July 28, 2020, and opening statements will start August 4, 2020, a spokesman for the US attorney's office said.

Holmes and her attorneys had been pushing for a delay in setting the court date, asking prosecutors for millions of documents.

In June 2018, the Department of Justice charged Holmes and Balwani with nine counts of wire fraud and two counts of conspiracy to commit wire fraud, stemming from allegations that the two engaged in a scheme to defraud investors and a separate scam to defraud doctors and patients while at the blood-testing company. Both Balwani and Holmes have pleaded not guilty to the charges.

The DOJ said at the time that Holmes and Balwani could face up to 20 years in prison each, as well as a $250,000 fine plus restitution, for each count on which they're convicted.

Read more: https://www.sfgate.com/technology/businessinsider/article/This-Woman-s-Revolutionary-Idea-Made-Her-A-5789343.php

[murielm99]

1. This could be a very bizarre trial.

She is an incomprehensible woman.

[Mr.Bill]

2. I hope her lawyers got paid up front.

Ever notice that people who use every tactic to delay the proceedings are always guilty?

Like Trump.