Elizabeth Holmes, the founding father of the failed blood testing start-up Theranos, now awaits sentencing after being discovered responsible of 4 of 11 expenses of fraud on Monday.
Ms. Holmes, 37, left the San Jose, Calif., courtroom via a facet door after the decision was learn within the case, which was carefully scrutinized as a commentary on Silicon Valley. She was discovered responsible of three counts of wire fraud and one rely of conspiracy to commit wire fraud. She was discovered not responsible on 4 different counts. The jury was unable to attain a verdict on three counts, which have been put aside for later.
After the decision was learn, protection and prosecution attorneys mentioned plans for Ms. Holmes’s sentencing, the standing of her launch and the destiny of the three hung expenses. Judge Edward J. Davila of the Northern District of California, who oversaw the case, stated he deliberate to declare a mistrial on these expenses, which the federal government might select to retry. The events agreed that Ms. Holmes wouldn’t be taken into custody on Monday.
A sentencing date is predicted to be set at a listening to on the three hung expenses next week.
Ms. Holmes can attraction the conviction, her sentence or each. She can even be interviewed by the U.S. Probation Office because it prepares a pre-sentence report. A convention can be held next week on the three counts by which the jury couldn’t attain a verdict.
Each rely of wire fraud carries up to 20 years in jail, although Ms. Holmes is unlikely to obtain the utmost sentence as a result of she has no prior convictions, stated Neama Rahmani, the president of the West Coast Trial Lawyers and a former federal prosecutor.
But he stated her sentence was doubtless to be on the upper finish due to the quantity of the cash concerned. Ms. Holmes raised $945 million for Theranos through the start-up’s lifetime and people investments have been finally worn out.