Elizabeth Holmes to be sentenced nine months after guilty verdict

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 98%

Australia Headlines News

Australia Latest News,Australia Headlines

Holmes remains free on bond till September and faces up to 20 years in prison, but experts say she will likely receive far fewer

on four of 11 charges, including three counts of fraud and one count of conspiring to defraud private investors in the blood-testing startup. She remains free on a $500,000 bond while awaiting sentencing.

Holmes’ sentencing was set for later in 2022 to allow for the trial of Sunny Balwani, her former personal and professional partner whose trial for related fraud charges will begin in March. Holmes had risen to fame and power while claiming her Theranos machines could run common blood tests on a few drops from a finger prick. Once valued at $9bn, the company collapsed after the Wall Street Journal published a series of articles that suggested its devices were flawed and inaccurate.

In a separate court filing, government attorneys said they plan to dismiss the three counts the jury did not reach a verdict on.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Queen suffers another devastating blowThe Queen has suffered another personal tragedy, with a longtime friend passing away just weeks after the deaths of two close confidantes. 😔 So sad. What about her pedo son? ? And
Source: newscomauHQ - 🏆 9. / 77 Read more »

Qld Covid-19 update: unvaccinated 'nine times more likely' to end up in hospital – videoUnvaccinated Queenslanders are 'nine times more likely' to end up in hospital, said the state's CHO In other words, you can still end up in hospital while being vaccinated - awesome Got my booster last week.. the queue was calm and respectful, the staff and process was seamless & professional,was in and out within 55 minutes GO QUEENSLANDERS👍🏼 9 times Bueller!
Source: GuardianAus - 🏆 1. / 98 Read more »

Refugee advocates want review of minister’s ‘godlike’ powers, as Djokovic waits on visa verdictThe Novak Djokovic saga has highlighted serious problems with the unfairness of Australia’s immigration system, advocates say I'm disappointed in you D. Especially when supported by such an incompetent department. All the minister's in government have those 'super powers' that's why we are where we are..
Source: GuardianAus - 🏆 1. / 98 Read more »

Australian man pleads guilty to murdering American in 1988 gay hate crimeScott White yelled in court during a pre-trial hearing on Monday that he was guilty, having previously denied the crime I am so pleased this man's family can now feel some sense of peace...it has taken so long to solve this crime
Source: GuardianAus - 🏆 1. / 98 Read more »

Prince Andrew loses military affiliations, royal patronages, will fight court case 'as a private citizen'Buckingham Palace says Prince Andrew&x27;s military affiliations and royal patronages have been returned to Queen Elizabeth II with her "approval and agreement".
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Wildest fight of the year confirmedAfter months of build-up, promoters confirmed on Thursday that Barry Hall and Sonny Bill Williams would come to blows in the ring. Go Sonny 👏
Source: newscomauHQ - 🏆 9. / 77 Read more »