Theranos founder Elizabeth Holmes is pregnant and expecting to give birth in July, which will likely delay her trial on criminal fraud charges by six weeks, according to court documents filed Friday.
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November … [+]
Holmes’ trial was set to start on July 13, but her defense team and prosecutors asked a judge Friday to push the date back to August 31.
Holmes is facing multiple fraud charges stemming from allegations she lied to investors, doctors and patients by falsely claiming Theranos machines could perform blood tests that she knew the technology wasn’t actually capable of doing so.
Holmes’ former romantic partner, ex-Theranos President Sunny Balwani, is also facing charges, but his trial will be held separately.
Holmes founded biotech company Theranos as a Stanford dropout when she was 19. She Theranos machines could perform a variety of tests with a single drop of blood. Theranos’ promise earned Holmes magazine covers, a $9 billion valuation for the company and board members such as former Secretary of State Henry Kissinger and former Defense Secretary James Mattis. But a series of Wall Street Journal stories in 2015 reported that Theranos’ machine didn’t work as advertised, and the company eventually shut down in September 2018 after Holmes and Balwani were charged.
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