Convicted fraudster Elizabeth Holmes appeared in court on Thursday
Theranos founder Elizabeth Holmes appeared in federal court in a major attempt to dismiss her fraud conviction ahead of an October sentencing.
Holmes appeared Thursday in federal court in San Jose, Calif., and her lawyers argued that a reasonable juror could not have found her guilty beyond reasonable doubt.
‘MS. According to Bloomberg, Holmes had not misrepresented investors, nor did he know she was misrepresenting them, Holmes’ attorney Amy Saharia told the judge.
Holmes, 38, was convicted of conspiracy and wire fraud, faces up to 20 years in prison, and is currently on $500,000 bail pending his mother’s sentencing hearing next month. increase.
Theranos founder Elizabeth Holmes (center) appears in federal court in a sweeping attempt to dismiss her fraud conviction ahead of an October sentencing.
Holmes, who was seen with her mother, appeared Thursday in federal court in San Jose, Calif., and her attorney argued that a reasonable jury could not have found her guilty.
Former Theranos CEO Elizabeth Holmes arrives at a federal courthouse in San Jose, Calif., and goes through a security checkpoint on Thursday.
On Thursday, she walked into court with her parents and smiled in a gray button-up jacket over a simple black dress.
Her attorney’s attempts to overturn her conviction, a standard move in white-collar cases, are largely unsuccessful.
Holmes guilty of deceiving investors in her $9 billion startup Theranos, which made bold claims that it revolutionized medical testing while relying on existing technology from other vendors I got the verdict.
At trial, Holmes’ lawyers allege that she was an innocent agent of his manipulative and abusive lover and business partner Ramesh ‘Sunny’ Balwani, which he vehemently denied. increase.
In July, Balwani was found guilty of all 12 felony counts of defrauding both Theranos investors and patients who relied on the company’s highly unreliable blood tests that could endanger their health. I received
Balwani, 57, also faces up to 20 years in prison and will be released on $750,000 bail pending sentencing on November 15.
Holmes is scheduled to be sentenced on October 17.
Holmes smiled as he entered the court to make his last plea to the court.
Former Theranos CEO Elizabeth Holmes goes through security as she arrives at federal court.
Holmes arrived with a big smile and attempted Hail Mary to overturn her beliefs
Holmes appeared in federal court in connection with an attempt to overturn her fraud conviction.She was convicted of four counts of fraud and faces her prison sentence
She walked into court with her parents and smiled in a gray button-up jacket over a simple black dress.
Ramesh ‘Sunny’ Balwani, the ex-girlfriend and business partner of Theranos CEO Elizabeth Holmes, emerged in July after being found guilty on all 12 counts.
The double convictions of Holmes and Balwani represent a crushing victory for federal prosecutors, who see Theranos’ case as an ambitious enterprise engaged in technological exaggeration in the pursuit of fame and fortune. I took it as a rare opportunity to hold the house accountable.
In the process, they hoped to discourage the practice of making bold, unproven promises about nascent products.
During the trial, Holmes implied that Balwani had manipulated her into making bad choices, but Balwani’s lawyers tried to shift all blame for the wrongdoing squarely onto Holmes.
As part of Balwani’s defense, lawyers pointed out that Holmes was not only a CEO, but a Silicon Valley star who persuaded investors to invest nearly $1 billion in Theranos.
Former Theranos CEO Elizabeth Holmes (middle) and her mother Noel Holmes (left) arrive at federal court in San Jose.
At trial, Holmes’ attorneys alleged that she was an innocent stooge of Ramesh ‘Sunny’ Balwani, a manipulative and abusive lover and business partner.
Holmes was found guilty of deceiving investors in her $9 billion startup, Theranos.
Holmes boasted that her company had found a way to scan for hundreds of potential diseases using a device called the Edison.
Technologies like this have the potential to revolutionize medicine.
However, it turned out that Edison never worked properly and provided false test results that Theranos did as part of a contract to install a minilab at Walgreen’s pharmacy.
A flaw in Theranos’ vaunted technology forced Holmes and Balwani to move the test to a conventional machine made by another vendor, drawing a vial of blood from a patient’s vein. This is far from the Holmes promise.