SAN FRANCISCO, Jan 12 — Attorneys yesterday asked a judge to delay the sentencing of fallen biotech star Elizabeth Holmes, who was found guilty of defrauding investors in her blood-testing startup Theranos.
Her case shone a spotlight on the blurred line between the hustle that characterises the industry and outright criminal dishonesty. Prosecutors and Holmes’ defence team have asked that she remain free on a US$500,000 bond, secured by property, pending a sentencing hearing on September 12, according to the motion.
Theranos chief operating officer Ramesh “Sunny” Balwani was charged with fraud along with Holmes, but the one-time business and romantic partners face separate proceedings in federal court in the Silicon Valley city of San Jose.
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