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Elizabeth Holmes’ sentencing and manipulated by prosecutors. Holmes
in federal court postponed again faces a possible prison sentence of up to
20 years, a $250,000 fine and restitution
San Jose — The October 17 sentencing to investors.
on four felony counts of fraud in the
conviction of Elizabeth Holmes, 38, Famous board of directors
has been postponed until this month. She was able to corral a number of celeb-
rity investors for the Theranos board.
Theranos founder
Holmes is a Stanford dropout and the These included former President William
founder of Theranos, a defunct Palo Alto, Clinton, Fox News owner Rupert Murdoch,
Calif. company that she claimed could di- Larry Ellison of Oracle Systems, former
agnose hundreds of health conditions with Secretary of State Henry Kissinger and
only one or two drops of blood. members of the Walton family, majority
owners of Walmart.
Holmes was convicted on January 3, but
has been free pending sentencing, which Holmes was once the youngest self-made
has been postponed several times. billionnaire in the U.S., and the darling
of the media. Her face with accompany-
ing laudatory stories appeared on leading
magazine covers including Forbes, Fortune
and Inc.
Elizabeth Holmes holds a vial of blood for the photo during Ther-
anos’ haydays. (Theranos)
Far-reaching notoriety
Holmes, a Washington, D.C. native and the
daughter of a one-time Enron executive,
has inspired at least one television series These “nanotainers” were reportedly part of the accouterments
(Hulu) and several documentaries (includ- of the Theranos diagnotic machinery. (Theranos)
ing HBO) since the collapse of Theranos. Holmes’ former CEO/boyfriend Sunny Bal-
wani was convicted earlier in a separate
Court watchers say Holmes appears to be trial. He is also scheduled to be sentenced
pregnant with her second child, although next month. — R.I.
she has not confirmed her condition to the
media.
Need greater name recognition?
Her lawyers have petitioned the court for a
new trial alleging that Holmes’ former lab Advertise in TAP TIMES!
director Alan Rosendorff was pressured
