In a hearing on Monday evaluating Elizabeth Holmes’s request for a new trial in her fraud case, a key witness stood by his previous testimony.
Elizabeth Anne Holmes is an American former biotechnology entrepreneur convicted of criminal fraud. In 2003, Holmes founded and was the chief executive officer of Theranos
The Theranos founder was set to be sentenced on 17 October after being convicted on four of 11 counts of fraud for her role in the blood-testing company
The sentencing was rescheduled after a key witness for the prosecution said he regretted the role he played in her conviction.
That witness, former Theranos lab director Adam Rosendorff, appeared in August at the home Holmes shares with her partner William Evans to express his remorse
Holmes gave birth to her first child with Evans in August 2021, weeks before her trial began. Her legal team was relying heavily on Rosendorff’s post-trial action to help her avoid a prison sentence.
Holmes, 38, is currently out on bail awaiting her sentencing. he judge had already set a new sentencing date for Holmes for 18 November before the Monday hearing began.
If the guilty verdict is upheld, she faces 20 years in prison and a fine of $250,000 plus restitution for each count.