Why Elizabeth Holmes’ Fraudulent Verdict Delayed
Based on NBC NewsDavila found Rosendorff’s misconduct allegations “limited but serious” and scheduled an October 17 hearing to question Rosendorff.
“The allegation is the possibility that the government may have committed misconduct,” Davila said, according to the agency. “The court takes that seriously.”
Davila did not specify a new sentencing date for Holmes but noted that it could be as late as January 2023. Holmes is awaiting sentencing after that. convicted including one count of conspiracy to commit electronic fraud and three counts of electronic fraud in January. Each charge includes a maximum prison sentence of up to 20 years, although it is possible that Holmes could serve a concurrent sentence.
Holmes, who dropped out of Stanford in 2004 to start Theranos, has become a farsighted numbers in the start-up tech industry, advertised the easy finger prick blood test. Her famous investors — including venture capitalists Tim Draper, Rupert Murdoch and former foreign minister George Shultz—Supported her company. However, after a year 2015 The Wall Street Journal reported that the technology was faulty and could not work as promised, Theranos allegedly raised nearly $1 billion by deceiving investors.