Pregnant Elizabeth Holmes appears in court for the first time in a year – fr

Pregnant Elizabeth Holmes appears in court for the first time in a year – fr

Elizabeth Holmes, pregnant, has appeared in court for the first time in over a year in pre-trial proceedings regarding her fraud charge.
Ms Holmes and Ramesh “Sunny” Balwani face charges related to their roles in the Theranos scandal – a multi-million dollar ploy to defraud investors, and a separate scheme to defraud doctors and patients.

They face two counts of conspiracy to commit wire fraud and nine counts of wire fraud for their efforts to promote Theranos, a company founded by Ms. Holmes in Palo Alto, Calif. That they believe would revolutionize laboratory tests.

In March, Ms Holmes’ trial was postponed for six weeks due to her surprise pregnancy announcement. Prosecutors were reportedly blinded and frustrated by the news.

She is due to give birth in July and her trial will now begin on August 31.

The couple claimed the company has an allegedly innovative technique for drawing blood, testing blood and interpreting patient data.

The Northern California District Attorney’s Office said it used advertisements and solicitations to encourage and entice doctors and patients to use the services of Theranos’ blood testing lab, even though, according to the government, the defendants knew that Theranos was not able to produce consistently. accurate and reliable results for certain blood tests.

It is further alleged that the tests performed on Theranos technology were likely to contain inaccurate and unreliable results.

Both Ms Holmes and Mr Balwani have pleaded not guilty.

If found guilty, they face a maximum sentence of 20 years in prison and a fine of $ 250,000, plus restitution for each count of wire fraud.

Prior to its collapse, Theranos was valued at $ 9 billion and made Ms Holmes, a Stanford University dropout who founded the company in 2003 at the age of 19, a Silicon Valley star. .


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