Elizabeth Holmes will officially go to trial next summer

Elizabeth Holmes will officially go to trial next summer

Sporting a new curly blowout, the disgraced Theranos founder appeared in court Friday, where a judge ruled the case against her will go to trial Aug. 4, 2020, with jury selection beginning just a few days before on July 28.

Theranos, a company once valued at more than $9 billion with Holmes at its helm, was once hailed as innovative for its breakthrough technology that claimed it could perform hundreds of lab tests using only a couple drops of blood.

Holmes fell hard when her company was shuttered last year and federal authorities accused her of “massive fraud.” She’s pleaded not guilty and is currently awaiting trial. If convicted, she could be facing up to 20 years in prison.

But you wouldn’t know it by how she’s spent recent months, gallivanting around the San Francisco Bay Area with Billy Evans, her new reported husband, and her husky, Balto, whom Holmes infamously claimed was not a dog but a wolf.

Holmes reached a settlement with the SEC in March 2018 and agreed to pay a fine of $500,000, among other penalties. Two months later, Holmes was charged with multiple counts of fraud for misleading investors, government officials and consumers about Theranos’ technology.

Holmes denies any wrongdoing.

July 1, 2019

https://www.insideedition.com/

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July 2, 2019 / Pharma News