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Elizabeth Holmes, the founding father of the failed blood testing start-up Theranos, now awaits sentencing after being discovered responsible of 4 of 11 fees of fraud on Monday.
Ms. Holmes, 37, left the San Jose, Calif., courtroom by way of a facet door after the decision was learn within the case, which was carefully scrutinized as a commentary on Silicon Valley. She was discovered responsible of three counts of wire fraud and one rely of conspiracy to commit wire fraud. She was discovered not responsible on 4 different counts. The jury was unable to succeed in a verdict on three counts, which had been put aside for later.
After the decision was learn, protection and prosecution legal professionals mentioned plans for Ms. Holmes’s sentencing, the standing of her launch and the destiny of the three hung fees. Decide Edward J. Davila of the Northern District of California, who oversaw the case, stated he deliberate to declare a mistrial on these fees, which the federal government might select to retry. The events agreed that Ms. Holmes wouldn’t be taken into custody on Monday.
A sentencing date is anticipated to be set at a listening to on the three hung fees subsequent week.
Ms. Holmes can attraction the conviction, her sentence or each. She will even be interviewed by the U.S. Probation Workplace because it prepares a pre-sentence report. A convention shall be held subsequent week on the three counts by which the jury couldn’t attain a verdict.
Every rely of wire fraud carries as much as 20 years in jail, although Ms. Holmes is unlikely to obtain the utmost sentence as a result of she has no prior convictions, stated Neama Rahmani, the president of the West Coast Trial Attorneys and a former federal prosecutor.
However he stated her sentence was prone to be on the upper finish due to the quantity of the cash concerned. Ms. Holmes raised $945 million for Theranos throughout the start-up’s lifetime and people investments had been in the end worn out.
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