Welcome

Elizabeth Holmes Sentencing for Theranos Fraud Set for Sept. 12

Jan. 12, 2022, 2:19 AM

Elizabeth Holmes is scheduled to be sentenced Sept. 12 following her conviction for defrauding investors who poured hundreds of millions of dollars into Theranos Inc.

Until then, Holmes will remain free on a $500,000 bond secured by property, according to a court filing Tuesday.

Elizabeth Holmes on Jan. 3.
Photographer: David Paul Morris/Bloomberg

Last week, a jury in federal court in San Jose, California, found Holmes guilty for her role building in her blood-testing startup into a $9 billion company that collapsed in scandal.

The 37-year-old entrepreneur faces a maximum of 20 years in prison, although she’ll probably get far less than that. Holmes will also likely ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.