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Crime: Theranos founder Elizabeth Holmes’ sentencing hearing set for September

Sunny Balwani on Trial: What to Remember About the Theranos President and 'The Dropout'

  Sunny Balwani on Trial: What to Remember About the Theranos President and 'The Dropout' After Elizabeth Holmes was convicted, Balwani, who also was charged on multiple counts of fraud, finally faces his day in court.Following the fallout that surrounded Theranos, Holmes was charged and convicted on multiple charges of fraud. Meanwhile, Balwani, who was indicted on the same charges in 2018 and has since pleaded not guilty, is now finally getting to defend his case in court.

With her sentencing hearing officially set for September, disgraced Theranos founder Elizabeth Holmes will get to enjoy another summer at home as a free woman.

Once hailed as a tech wunderkind, 37-year-old Holmes was convicted in federal court earlier this month on one count of conspiracy to defraud investors and three counts of wire fraud and conspiracy, though jurors could not reach a verdict on the remaining three charges against her. After weeks of deliberation, they determined she was guilty of bilking investors out of millions by claiming her new technology, a test nicknamed Edison, could distribute a wide range of tests with just a drop of blood.

Packers Pro Bowl CB Jaire Alexander, LB Za'Darius Smith practice Tuesday, hopeful to play vs. 49ers

  Packers Pro Bowl CB Jaire Alexander, LB Za'Darius Smith practice Tuesday, hopeful to play vs. 49ers Their return would be a big boost for the Packers defense.Both players are on the mend, however, and could be making their return for No. 1 Green Bay's NFC Divisional round playoff game against the sixth-seeded San Francisco 49ers on Saturday night.

She is facing up to 20 years in prison as well as a fine of $250,000 plus restitution for each count.

Elizabeth Holmes walks into federal court in San Jose, Calif., Monday, Jan. 3, 2022. © Nic Coury Elizabeth Holmes walks into federal court in San Jose, Calif., Monday, Jan. 3, 2022.

Elizabeth Holmes walks into federal court in San Jose, Calif., Monday, Jan. 3, 2022. (Nic Coury/)


Video: Elizabeth Holmes conviction not a worrying trend for Silicon Valley, say experts (CNBC)

In court documents filed late Tuesday, prosecutors said they would drop the remaining charges against Holmes and proposed Sept. 12 as the date for her sentencing.

Judge Edward Davila on Wednesday opted to schedule the hearing for Sept. 26 instead, NPR reported. In the meantime, the former Silicon Valley superstar will remain free on a $500,000 bond secured by property.

Theranos’ former COO, Ramesh “Sunny” Balwani was indicted alongside Holmes’ on identical charges in June 2018. He has since pleaded not guilty, with his trial set to start next month.

Cardinals DE J.J. Watt reportedly 'trending toward playing' in wild-card game vs. Rams .
After undergoing what was thought to be season-ending shoulder surgery earlier in the campaign, Watt was surprisingly designated to return from the injured reserve list last week. Arizona head coach Kliff Kingsbury said earlier this week that the five-time All-Pro had "basically done everything humanly possible" in his recovery and training. Watt played 10 years with the Houston Texans before signing a two-year contract with the Cardinals in March 2021. In seven games this season, Watt recorded 16 tackles, 10 quarterback hits, one sack and one forced fumble.

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