Holmes will remain free for the eight months leading up to her sentencing hearing on a $500,000 bond, which is secured by property.Īmanda Kramer, a former federal prosecutor who now practices as a white-collar defense lawyer, said of Holmes’ upcoming sentencing, “I would be utterly shocked if she wasn't sentenced to some term of imprisonment.”
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Her sentencing has been pushed back to allow for the trial of Rimesh Balwani, whose trial for related fraud charges began in March.
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Holmes denies her convictions and is expected to appeal.Įlizabeth also faces a fine of up to $250,000, plus restitution for each count. However, legal experts believe she will likely be handed a far less severe punishment. She faces a maximum prison sentence of 20 years - based on what judges typically sentence defendants to in similar cases. Will Elizabeth Holmes go to prison?Įlizabeth Holmes will be sentenced on 26 September 2022. Holmes was found guilty of conspiracy to commit fraud against investors and three charges of wire fraud by jurors. That choice was not only callous, it was criminal." She chose to be dishonest with investors and patients. Prosecutor Jeff Schenk said in his closing argument that Holmes, “Chose fraud over business failure. The prosecution called 30 witnesses in a bid to prove that Holmes knew the product she was selling to investors was a sham. They also added that Holmes told investors the technology was operating as planned. But they claim they were instructed to downplay their concerns.
The two dated for a few years between 20, though Holmes has since alleged that Balwani abused her (opens in new tab) during the relationship.ĭuring her trial - which started in September 2021 - multiple lab directors testified to telling Holmes about the flaws in Theranos' technology. Holmes was originally charged alongside the company’s former president, Ramesh 'Sunny' Balwani in 2018 - the same year Theranos was dissolved. The jury failed to reach a verdict on a further three charges after deliberating for seven days. Holmes faced 11 charges in total and was found not guilty of four charges relating to defrauding the public. On 4 January 2022, Elizabeth Holmes was convicted on four counts of defrauding investors after an almost four month-long landmark trial in California. What was the outcome of Elizabeth Holmes’ trial? Ellison was also an investor for Theranos, who lost out on a huge sum of money.Įlizabeth was seen on a family walk in the estate in January 2022, just three days after she was found guilty of fraud. Holmes' neighbours include actress Michelle Pfeiffer, singer Neil Young and Larry Ellison - co-founder of tech company Oracle - who owns a $200million estate in the area. See all weight loss and exercise features.Child development stages: Ages 0-16 years.See all conception & fertility features.Fines for taking children out of school.
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