Nor does counsel understand why the government disclosed its intention to bring these new charges so late in our collective discussions about a trial schedule,” Holmes’ legal team said in the filing.The government maintains that the case will not materially change with the proposed superseding indictment.Turn on desktop notifications for breaking stories about interest? The company and Holmes settled fraud charges with the Securities and Exchange Commission in 2018.The grand jury assigned to the case is suspended until May 1 due to COVID-19 and will need to approve the government’s proposed indictment. The criminal trial of Theranos founder Elizabeth Holmes has been pushed back.During a status conference held via telephone on Wednesday, Judge Edward Davila of the United States District Court for the Northern District of California announced that Holmes' trial will be delayed from a July 28 start date to October 27, due to the COVID-19 crisis.Davila also called for an interim status conference to be scheduled in July to assess whether the new October date is feasible or if it would be necessary to move the trial into 2021.A joint memorandum filed on Tuesday stated that the government and the defense convened via teleconference last week to discuss a new trial date, almost coming to an agreement for the fall until the government revealed they would be seeking a superseding indictment that would significantly expand the case against Holmes.“...following the Court’s ruling on the defendants’ motions to dismiss the indictment, the government intends to seek a superseding indictment,” the government stated in the filing, referring to the court’s decision to narrow some of the charges against Holmes back in February.Holmes is currently charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud, facing up to 20 years in prison, and a fine of $250,000, plus restitution, for each count.The proposed superseding indictment would increase the length of the conspiracy period in Count One, which currently includes the time period from 2013 through 2015, by adding the years 2010, 2011, 2012.
“The fraud here is in the hundreds of millions of dollars.”The trial has the potential to be a high-profile affair with plenty of star power on the witness stand, including former Secretary of State Henry Kissinger and former Defense Secretary James Mattis, both of whom were board members, according to court filings.The duo each faces a maximum of 20 years in prison as well as a $250,000 fine on 12 counts of wire fraud and conspiracy.
After being delayed twice by the coronavirus pandemic, the criminal trial of Theranos founder Elizabeth Holmes has been scheduled to start in March. Additionally, it would increase the number of allegedly defrauded investors to include those who invested in Theranos from 2010 to 2013, business partners with whom the company interacted between 2010 and 2016, and individuals who served on the Theranos board of directors from 2010-2016.The government is also seeking to include two new counts of wire fraud relating to patients who paid for Theranos tests, which would bring the number of counts against Holmes to thirteen.Just a decade ago, Theranos -- with a $9 billion valuation -- was revered as a symbol of the best of Silicon Valley and seemed poised to disrupt the laboratory blood testing business with groundbreaking technology the company claimed could perform any blood test with just a few drops of blood.
The criminal trial of Elizabeth Holmes, founder of the failed blood-testing company Theranos, has been delayed due to the coronavirus pandemic. The long-awaited criminal fraud trial of Theranos founder Elizabeth Holmes finally has a start date.
We've received your submission.The long-awaited criminal fraud trial of Theranos founder Elizabeth Holmes finally has a start date.The disgraced former Silicon Valley wunderkind will appear before a jury in March of next year, US District Judge Edward Davila announced on Tuesday, to face charges that she and ex-Theranos president Ramesh “Sunny” Balwani are accused of Davila agreed to delay the trial, which was initially scheduled for October, after Holmes’ lawyers “I wish you good health and I know we’ll be seeing each other again soon,” Davila said at the end of a 30-minute Zoom hearing, Prosecutors for the Justice Department had countered that time is of the essence, and that the government is “ready to go.”“It’s important to this case that it goes expeditiously,” Assistant US Attorney Robert Leach said last month. Judge delays criminal trial of Theranos founder Elizabeth HolmesMassachusetts governor activates up to 1,000 National Guard members Trump's favorability and perceptions of COVID-19 response stagnate: POLL 1 fatally shot in Portland as pro-Trump supporters clash with counter-protestersFormer pool attendant details alleged relationship with Becki and Jerry Falwell Jr. Elizabeth Holmes has pleaded not guilty to allegations that she knew her company could not deliver accurate blood-test results.Elizabeth Holmes has pleaded not guilty to allegations that she knew her company could not deliver accurate blood-test results.Former Theranos founder and CEO Elizabeth Holmes arrives at the Robert F. Peckham U.S. Federal Court, June 28, 2019, in San Jose, Calif.Former Theranos founder and CEO Elizabeth Holmes arrives at the Robert F. Peckham U.S. Federal Court, June 28, 2019, in San Jose, Calif. It also attracted investors such as the media mogul Rupert Murdoch.The company's fortunes began to unravel after reporting from The Wall Street Journal suggested its devices did not deliver on their promises.
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