Niner
Long time Websleuther
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Tuesday, June 15th:
*Pretrial Motions Hearing (@ 10am PT) - CA – only for *Elizabeth A. Holmes (34/now 37) (CEO of Theranos) charged (March, 2018) & indicted (6/14/18) & arraigned (6/15/18) with 9 counts of wire fraud & 2 counts of conspiracy to commit wire fraud and charged & indicted (4/11/20) with fraud relating to a patient's blood test. Plead not guilty. No bond. Faces a maximum sentence of 20 years in prison & up to $2.75 million in fines, plus restitution, & $250K for each individual count of wire fraud & conspiracy.
Defrauding investors out of $700 million in funding for their blood-testing startup Theranos.
Trial set to begin on 8/31/21.
Indictment & court info from 4/11/20 thru 3/1/21 reference post #214 here:
CA - Elizabeth Holmes (Theranos) Wire Fraud
5/4/21 Update: Motion in Limine hearings continued on 5/5/21 and on 5/6/21. 5/6/21 Update: No info on hearing. Next motions hearing on 6/15/21.
5/22/21 Update: U.S. District Court Judge Edward Davila issued ruling as part of a 100 page response to motions in Holmes' upcoming criminal trial. The judge granted in part Holmes’ motion to exclude evidence referencing her extravagant lifestyle outside of her position as chief executive of the blood-testing start-up. “The Government may introduce evidence that Holmes enjoyed a lifestyle as Theranos CEO that is comparable to those of other tech company CEOs. This includes salary, travel, celebrity & other perks & benefits commensurate with the position,” Davila wrote in the filing. However, “references to specific purchases or details reflecting branding of clothing, hotels, or other personal items is not relevant & the prejudicial effect of that evidence outweighs any probative value,” the judge added. Davila ruled on more than 20 dueling motions on what jurors can hear in her trial. A motion by the government to admit business-related text messages between Holmes & her co-defendant Ramesh “Sunny” Balwani was denied by Davila.
*Ramesh “Sunny” Balwani (53/now 55) (CFO & President of Theranos) indicted & charged (6/14/18) & arraigned (6/15/18) with 9 counts of wire fraud & 2 counts of conspiracy to commit wire fraud. Plead not guilty. No bond.
Faces a maximum sentence of 20 years in prison & a fine of $2.75 million, plus restitution, & $250K for each individual count of wire fraud & conspiracy.
Defrauding investors out of $700 million in funding for their blood-testing startup Theranos.
Trial set to begin on 1/11/22 with jury selection, trial starts on 1/18/22.
Indictment & court info from 4/11/20 thru 2/9/21 reference post #214 here:
CA - Elizabeth Holmes (Theranos) Wire Fraud
3/16/21 Update: Set motions & deadlines hearing was on 3/16/21. Continued hearings. Status conference set for 3/25/21 is continued to 7/8/21. Status reports due by 6/28/21.
*Pretrial Motions Hearing (@ 10am PT) - CA – only for *Elizabeth A. Holmes (34/now 37) (CEO of Theranos) charged (March, 2018) & indicted (6/14/18) & arraigned (6/15/18) with 9 counts of wire fraud & 2 counts of conspiracy to commit wire fraud and charged & indicted (4/11/20) with fraud relating to a patient's blood test. Plead not guilty. No bond. Faces a maximum sentence of 20 years in prison & up to $2.75 million in fines, plus restitution, & $250K for each individual count of wire fraud & conspiracy.
Defrauding investors out of $700 million in funding for their blood-testing startup Theranos.
Trial set to begin on 8/31/21.
Indictment & court info from 4/11/20 thru 3/1/21 reference post #214 here:
CA - Elizabeth Holmes (Theranos) Wire Fraud
5/4/21 Update: Motion in Limine hearings continued on 5/5/21 and on 5/6/21. 5/6/21 Update: No info on hearing. Next motions hearing on 6/15/21.
5/22/21 Update: U.S. District Court Judge Edward Davila issued ruling as part of a 100 page response to motions in Holmes' upcoming criminal trial. The judge granted in part Holmes’ motion to exclude evidence referencing her extravagant lifestyle outside of her position as chief executive of the blood-testing start-up. “The Government may introduce evidence that Holmes enjoyed a lifestyle as Theranos CEO that is comparable to those of other tech company CEOs. This includes salary, travel, celebrity & other perks & benefits commensurate with the position,” Davila wrote in the filing. However, “references to specific purchases or details reflecting branding of clothing, hotels, or other personal items is not relevant & the prejudicial effect of that evidence outweighs any probative value,” the judge added. Davila ruled on more than 20 dueling motions on what jurors can hear in her trial. A motion by the government to admit business-related text messages between Holmes & her co-defendant Ramesh “Sunny” Balwani was denied by Davila.
*Ramesh “Sunny” Balwani (53/now 55) (CFO & President of Theranos) indicted & charged (6/14/18) & arraigned (6/15/18) with 9 counts of wire fraud & 2 counts of conspiracy to commit wire fraud. Plead not guilty. No bond.
Faces a maximum sentence of 20 years in prison & a fine of $2.75 million, plus restitution, & $250K for each individual count of wire fraud & conspiracy.
Defrauding investors out of $700 million in funding for their blood-testing startup Theranos.
Trial set to begin on 1/11/22 with jury selection, trial starts on 1/18/22.
Indictment & court info from 4/11/20 thru 2/9/21 reference post #214 here:
CA - Elizabeth Holmes (Theranos) Wire Fraud
3/16/21 Update: Set motions & deadlines hearing was on 3/16/21. Continued hearings. Status conference set for 3/25/21 is continued to 7/8/21. Status reports due by 6/28/21.