{"id":23581,"date":"2022-10-05T06:39:18","date_gmt":"2022-10-05T10:39:18","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=23581"},"modified":"2022-10-05T06:39:18","modified_gmt":"2022-10-05T10:39:18","slug":"elizabeth-holmes-theranos-founder-gets-hearing-on-new-trial","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2022\/10\/05\/elizabeth-holmes-theranos-founder-gets-hearing-on-new-trial\/","title":{"rendered":"Elizabeth Holmes: Theranos founder gets hearing on new trial"},"content":{"rendered":"<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">Sentencing of former Theranos boss Elizabeth Holmes has been delayed as a judge considers whether the testimony of a key witness in her high-profile trial was truthful.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Holmes requested a new trial after claiming that federal prosecutors presented misleading evidence.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">She was convicted in January on four of 11 counts of defrauding investors in the blood-testing firm.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The decision marks the latest twist in a case that has gripped Silicon Valley.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Holmes entered the &#8220;motion for a new trial based on newly discovered evidence&#8221; regarding former Theranos laboratory director Adam Rosendorff,\u00a0<a class=\"ssrcss-k17ofw-InlineLink e1no5rhv0\" href=\"https:\/\/www.courthousenews.com\/wp-content\/uploads\/2022\/09\/Holmes-new-evidence-.pdf\" target=\"_blank\" rel=\"noopener\">court papers showed<\/a>.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1o5f7ft-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-k17ofw-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-59734254\" target=\"_blank\" rel=\"noopener\">Theranos founder Elizabeth Holmes guilty of fraud<\/a><\/li>\n<li><a class=\"ssrcss-k17ofw-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-61902378\" target=\"_blank\" rel=\"noopener\">Theranos exec Sunny Balwani convicted of fraud<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Holmes&#8217; lawyers said that Mr Rosendorff appeared at her home in August to express regret over his testimony in the trial.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This latest development comes after her lawyers last month failed in an attempt to get the conviction overturned.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Holmes, who is currently free on bail, had been due to be sentenced on 17 October.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">In January, a jury found Holmes guilty of defrauding investors after a months-long landmark trial in California.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Jurors found her guilty of conspiracy to commit fraud against investors and three charges of wire fraud. She denied the charges.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Prosecutors said Holmes knowingly lied about technology that she said could detect diseases such as cancer and diabetes with a few drops of blood. The firm promised that it would revolutionise the healthcare industry with the test.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">But these claims began to unravel in 2015 after a Wall Street Journal investigation reported that its core blood-testing technology did not work.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Her ex-boyfriend and former Theranos President Ramesh &#8220;Sunny&#8221; Balwani was found guilty in July on similar counts, as well as defrauding patients. He is scheduled to be sentenced next month.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Theranos was once the darling of biotech and Silicon Valley, valued at $9bn (\u00a37.9bn) at its peak.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Holmes was able to raise more than $900m from billionaires, including media magnate Rupert Murdoch and technology mogul Larry Ellison.<\/p>\n<p>Source: <a href=\"https:\/\/www.bbc.co.uk\/news\/business-63140536\" target=\"_blank\" rel=\"noopener\">bbc.co.uk<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\">Sentencing of former Theranos boss Elizabeth Holmes has been delayed as a judge considers whether the testimony of a key witness in her high-profile trial was truthful. Holmes requested a new trial after claiming that <a class=\"mh-excerpt-more\" href=\"https:\/\/worldjusticenews.com\/news\/2022\/10\/05\/elizabeth-holmes-theranos-founder-gets-hearing-on-new-trial\/\" title=\"Elizabeth Holmes: Theranos founder gets hearing on new trial\">[&#8230;]<\/a><\/div>\n","protected":false},"author":1,"featured_media":20433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[2,3],"tags":[177,8171,305,8350,8172],"class_list":{"0":"post-23581","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-usa","9":"tag-california","10":"tag-elizabeth-holmes","11":"tag-fraud","12":"tag-silicon-valley","13":"tag-theranos","14":"pmpro-has-access"},"_links":{"self":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/23581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/comments?post=23581"}],"version-history":[{"count":2,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/23581\/revisions"}],"predecessor-version":[{"id":23583,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/23581\/revisions\/23583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media\/20433"}],"wp:attachment":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media?parent=23581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/categories?post=23581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/tags?post=23581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}