Elizabeth Holmes' motions for a new trial were denied by Judge Edward J. Davila on Monday, November 9, 2022. Holmes, the former CEO and founder of Theranos, was found guilty of defrauding investors earlier this year, and she now faces sentencing on Friday, November 18, 2022.
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The Trial of Elizabeth Holmes Begins
Opening statements in the fraud trial of Elizabeth Holmes, former CEO and founder of Theranos, began on September 8. Holmes is accused of intentionally misrepresenting Theranos’ blood-testing technology and the company’s business performance.