Former Attorney Elizabeth Holmes, former CEO of Theranos, has asked to withdraw her trial date to April 2021, citing coronavirus problems. FOX Business’ Melissa Francis and more.
Theranos founder Elizabeth Holmes’ upcoming trial for alleged crimes against crimes will be delayed for several weeks after prosecution and defense attorneys revealed in court documents that she was pregnant, according to several reports Friday.
The trial of Holmes on various charges of wire fraud and conspiracy to commit wire fraud would begin on July 13. In a court case, lawyers from both parties asked a judge in the U.S. District Court in San Jose to withdraw the start because Holmes became pregnant “with an expected deadline in July 2021,” Bay Area News Group report.
Defense attorneys and federal prosecutors asked the judge to resume the jury’s selection for Aug. 31. The trial has been delayed several times due to complications related to the coronavirus pandemic.
THERANOS ESTABLISHED ELIZABETH HOLMES DOUBLES TO EFFECT TO KEEP ‘RUDE, EXPENDITURE AND LIFESTYLE’ OUT OF OPERATING BAG
Holmes is married to hotel heiress Billy Evans, reports Vanity Fair in 2019.
Elizabeth Holmes, founder and former CEO of Theranos, arrives in the U.S. District Court at the Robert F. Peckham Federal Building in San Jose, California on Monday, November 4, 2019. (Photo by Yichuan Cao / NurPhoto via Getty (Getty Images)
Theranos once achieved a valuation of $ 9 billion, with a medical device that could allegedly perform a series of important medical tests with just a few drops of a patient’s blood. In 2015, Forbes noted that Holmes was the youngest female billionaire in the world.
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But the company collapsed after a series of reports from the Wall Street Journal that Theranos’ machines could not perform the functions that Holmes claimed. Prosecutors accused Holmes and former Theranos chief operating officer Ramesh “Sunny” Balwani of defrauding investors and the public.
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According to the Department of Justice, Holmes will be sentenced to 20 years in prison and fined $ 2.75 million if convicted on the fraud charge. Both accused denied denial.