Judge declines to overturn Elizabeth Holmes guilty verdict

SAN JOSE, Calif. — A federal judge on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud and conspiracy. That leaves the former Silicon Valley star a step closer to serving prison time.

U.S. District Judge Edward Davila won’t make that decision final until Oct. 17, when he is scheduled to sentence Holmes in the same San Jose, California, courtroom where a jury found her guilty of duping investors in her much-hyped blood-testing startup.

Holmes, 38, faces up to 20 years in prison and a $250,000 fine, plus restitution, for lying to investors about a Theranos technology she hailed as a revolution in healthcare but which in practice produced dangerously inaccurate results.

Amy Saharia, one of Holmes’ lawyers, tried to persuade Davila that the jury of eight men and four women had acted irrationally during their seven days of deliberations. The judge concluded that the jurors drew reasonable inferences from evidence presented at the trial, although he said he would still review some cases Saharia presented before making a final decision.

Thursday’s 90-minute hearing marked the first time Holmes has returned to the court since her Jan. 3 conviction. The verdict ended a nearly four-month trial that recounted Holmes’ remarkable rise from a Stanford University dropout in 2003 to a lionized entrepreneur once worth $4.5 billion before it all unraveled in 2015.

Source ABC

A tech blog author and superhero who writes about technology and its impact on society, business, and everyday life

Related Posts

Nobel season is here: 5 things to know about the prizes

The beginning of October means Nobel Prize season

Read more

Powerful earthquake shakes Indonesia’s Sumatra, kills 1

A strong and shallow earthquake ha shaken Indonesia’s Sumatra island, killing a resident, injuring 11 and damaging more than a a dozen houses and buildings

Read more

Firefly Aerospace reaches orbit with new Alpha rocket

Firefly Aerospace has reached orbit with its new rocket

Read more

India launches 5G services, Modi calls it step in new era

Prime Minister Narendra Modi has launched 5G services in India, calling it a “step towards the new era.”

Read more

Tesla robot walks, waves, but doesn’t show off complex tasks

An early prototype of Tesla Inc.’s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved to a cheering crowd at the company’s artificial intelligence event Friday

Read more

Launch aborted on Firefly’s 2nd attempt with Alpha rocket

A year after its first Alpha rocket had to be destroyed during flight, a new aerospace company has been unsuccessful in its second attempt to place multiple satellites into orbit

Read more

Leave a Reply

Your email address will not be published.