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Therano's founder Elizabeth Holmes will go to the test next summer



Elizabeth Holmes, the infamous founder of Blood Testing Theranos, will officially go to trial in San Jose next year, according to US District Judge Edward J. Davila in the Northern District of California.

Federal prosecutors accused Holmes and the company's former president and COO, Ramesh "Sunny" Balwani last summer, charging the couple with two counts of conspiracy to commit fraud and nine counts of fraud. The couple are facing 20 years in prison and hundreds of thousands of dollars in fines. According to TechCrunch the trial will begin in August 2020 with jury elections beginning July 28, 2020. The Wall Street Journal also reports that prosecutors have collected millions of pages of documents and that defense has complained about the amount presented and that WSJ & # 39; s original report might have influenced the way in which public regulators approached the company.

Holmes founded Theranos in 2003 and claimed that it had developed a unit to perform hundreds of tests from a single drop of blood. Holmes was able to raise hundreds of millions of dollars from investors, but in 201

5 Wall Street Journal reported that the company's allegations were lies and that Holmes and others at the company had covered results to conceal their technology did not work. The report brought a big setback against the company, which ultimately led to closing its laboratories in 2016 and closing down completely last year.


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