Theranos founder Elizabeth Holmes, middle, and her household go away the Robert F. Peckham Federal Building and U.S. Courthouse after the jury discovered her responsible on 4 counts in San Jose, Calif., on Monday, Jan. 3, 2022.
Dai Sugano | MediaNews Group | Getty Images
Former Theranos CEO Elizabeth Holmes, who was convicted of federal fraud charges last week, can be positioned on a $500,000 bond secured by property and sentenced Sept. 12 underneath phrases proposed in a courtroom submitting on Tuesday night time.
The courtroom submitting additionally stated the federal government will dismiss counts 3, 4 and 5 of the indictment through which the jury deadlocked on.
The three dropped counts relate to buyers Alan Eisenman, Chris Lucas from Black Diamond Ventures and Bryan Tolbert from Hall Group. All three of the buyers testified that Holmes misled them about her blood-testing firm.
Theranos raised over $945 million from buyers over its lifetime.
The proposed stipulation which was filed by the federal government and attorneys for Holmes, stated “the events agree {that a} sentencing listening to following Labor Day 2022 could be applicable in gentle of ongoing proceedings in a associated matter.”
That refers to pending fraud prices in opposition to former Theranos president and Holmes’ Ramesh “Sunny” Balwani, her high government and boyfriend on the time.
The courtroom submitting additionally units a timeline for either side to file post-trial motions. U.S. District Court Judge Edward Davila would wish to approve the joint movement.
After greater than 50 hours of deliberations, Holmes was discovered responsible of three counts of wire fraud and one rely of conspiracy to commit wire fraud referring to mendacity to buyers. The jury of eight males and 4 girls discovered her not responsible of 4 prices referring to mendacity to sufferers. The jury couldn’t attain a unanimous verdict on three counts referring to buyers.
Balwani, who has pleaded not responsible, is going through the identical prices in a separate trial that has been delayed till March because of the Covid surge.