Prosecutors say Holmes became the world’s youngest self-made female billionaire by lying to investors about her company’s technology.
She is expected to accuse her ex-boyfriend and former Theranos executive Ramesh “Sonny” Balwani of abuse as part of her defense. The trial is expected to last for several weeks, with hearings set for Tuesdays, Wednesdays and Fridays.Īttorneys for the founder of Theranos - which was once valued north of $9 billion - have told the Northern California judge overseeing the case that the founder herself is “highly likely” to take the stand and defend herself. Meanwhile, as she waits for trial, Holmes has been living with her partner William “Billy” Evans, a hotel heir, at a home on a 74-acre, $135 million estate outside Palo Alto, CNBC reported Tuesday.
The trial comes after multiple delays due to the coronavirus pandemic and Holmes giving birth to a baby boy in July - and after a jury selection process that last week saw potential jurors quizzed about whether they knew Holmes from the book “Bad Blood” or the HBO documentary “The Inventor.” The 37-year-old founder is facing two counts of conspiracy to commit wire fraud and 10 counts of wire fraud - and could be sent to jail for 20 years. Opening statements are set to be delivered Wednesday in the trial of Elizabeth Holmes, the founder of defunct blood testing company Theranos who prosecutors say became the world’s youngest self-made female billionaire by lying to investors about her company’s technology. ‘We’re popping Champagne’: Theranos whistleblower toasted Elizabeth Holmes verdictĮlizabeth Holmes juror reveals reason he convicted Theranos scammer These are the ‘smoking guns’ that led to Elizabeth Holmes’ conviction: juror Theranos fraudster Elizabeth Holmes’ sentencing likely set for September
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