SAN JOSE, Calif. — A federal choose on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on 4 felony counts of fraud and conspiracy. That leaves the previous Silicon Valley star a step nearer to serving jail time.
U.S. District Decide Edward Davila gained’t make that call remaining till Oct. 17, when he’s scheduled to condemn Holmes in the identical San Jose, California, courtroom the place a jury discovered her responsible of duping buyers in her much-hyped blood-testing startup.
Holmes, 38, faces as much as 20 years in jail and a $250,000 superb, plus restitution, for mendacity to buyers a few Theranos know-how she hailed as a revolution in healthcare however which in follow produced dangerously inaccurate outcomes.
Amy Saharia, certainly one of Holmes’ legal professionals, tried to influence Davila that the jury of eight males and 4 ladies had acted irrationally throughout their seven days of deliberations. The choose concluded that the jurors drew affordable inferences from proof introduced on the trial, though he mentioned he would nonetheless overview some instances Saharia introduced earlier than making a remaining determination.
Thursday’s 90-minute listening to marked the primary time Holmes has returned to the courtroom since her Jan. 3 conviction. The decision ended a virtually four-month trial that recounted Holmes’ exceptional rise from a Stanford College dropout in 2003 to a lionized entrepreneur as soon as value $4.5 billion earlier than all of it unraveled in 2015.
