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Theranos founder Elizabeth Holmes will be brought to trial next summer



Elizabeth Holmes, the disgraced founding father of Theranos, is officially being tried in San Jose next year, according to US District Judge Edward J. Davila of the Northern District of California.

The prosecution has indicted Holmes and the company's former president and COO, Ramesh "Sunny" Balwani, last summer and charged with two wire fraud cases and nine wire fraud cases. The couple has to expect 20 years imprisonment and hundreds of thousands of dollars in fines.

According to TechCrunch the trial will begin in August 2020, with jury selection beginning on July 28, 2020. The Wall Street Journal also reports that prosecutors have collected millions of pages of documents, and that the defense has complained about the amount being submitted, and that the initial coverage of the WSJ could have unduly influenced the way the governmental authorities handled the company.

Holmes founded Theranos in 2003, claiming to have developed a device that allows hundreds of tests to be performed from a single drop of blood. Holmes was able to raise hundreds of millions of dollars from investors, but in 201

5, the Wall Street Journal reported that the company's allegations were lies, and that Holmes and others in the company had been hiding results to hide their technology was not working. The report sparked a major backlash against the company, which ultimately led to the labs closing in 2016 and completely closed last year.


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