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Elizabeth Holmes Theranos trial starts next summer



After the scandal, the book, podcasts and documentaries, Theranos debacle finally goes to court – in 2020. US District Court judge Edward Davila set the start date for co-founder Elizabeth Holmes's criminal case for August 4 next year, with the election of the jury kicked off the week before . She has been accused – along with Therano's President Ramesh "Sunny" Balwani ̵

1; of 11 counts of fraud and conspiracy to commit fraud.

After the SEC announced last year, Theranos finally announced that it would shut down, after it was revealed in 2016 to promote "fingerprick" blood test technology that did not work as promised and was largely unused. In pretrial movements, lawyers representing Holmes directed communication between regulators and a Wall Street Journal reporter and Bad Blood author John Carreyrou. Bloomberg reports that they claimed he "exerted influence on the regulatory process in a way that appears to have twisted the agency's focus on the company and possibly foresaw the agency's findings against it."


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