Criminal Law
Elizabeth Holmes Will Be Sentenced in September
Elizabeth Holmes, the former CEO of Theranos who was convicted earlier this month on four out of 11 federal fraud and conspiracy charges, will not be sentenced until September 26, according to a new filing.
The prosecution and defense had proposed September 12 for a sentencing hearing in a court filing Tuesday, stating in the filing that “following Labor Day 2022 would be appropriate in light of ongoing proceedings in a related matter,” a reference to the upcoming trial of Holmes’ second-in-command at Theranos who faces the same charges as her. In a court order signed Wednesday, Judge Edward Davila, who is presiding over Holmes’ case, set her sentencing hearing for later in September. By that point, it will have been more than a full year since her trial kicked off.
Until then, Holmes remains free on a $500,000 bond secured by property, according to the earlier filing from the prosecution and defense.
