![]() ![]() District Judge Edward Davila said that the arguments brought forward by Holmes' lawyers for a new trial did not produce enough material evidence to prove alleged government misconduct, adding that the statements made by the government at Balwani's trial were not material to result in Holmes' acquittal. A federal judge on Tuesday denied Elizabeth Holmes's motion for a new trial in the fraud case connected to her now-defunct company Theranos. Holmes' lawyers filed for a new trial in September citing "newly discovered" evidence from the government's statements made at the closing arguments of Balwani’s trial, as well as alleged government misconduct. (AP) A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth Holmes after concluding a key prosecution witness’s recent remorseful attempt to. In July, former Theranos President Ramesh "Sunny" Balwani was also convicted of defrauding investors and patients about Theranos that was once valued at $9 billion. Elizabeth Holmes, the disgraced founder and former CEO of Theranos, is taking the stand in her own criminal trial. She was convicted of investor fraud and conspiracy, but acquitted on three counts of defrauding patients who paid for tests from Theranos, and a related conspiracy charge. In January, Holmes, 37, was found guilty of defrauding investors in the blood testing startup, convicting her on four of 11 counts. 12 charges of wire fraud and conspiracy to commit wire fraud. Holmes, 18-cr-00258, US District Court, Northern District of California (San Jose).Nov 8 (Reuters) - Theranos founder Elizabeth Holmes' request for a new trial was denied by a federal judge in California late on Monday, court documents showed. Elizabeth Holmes is on trial for fraud over her time at Theranos. Read more: Holmes Witness Stands by Testimony After Visit to Her Home Former Theranos COO and ex-boyfriend of disgraced founder Elizabeth Holmes, Sunny Balwani has been found guilty on all 12 criminal charges after a three-month trial. The judge also rejected other motions Holmes made in her effort for a new trial. The standard for such a request is high to begin with and they’re rarely granted. “Accordingly, a new trial is not warranted,” he wrote.Ĭriminal defense lawyers had given Holmes essentially zero chance of succeeding with her argument that the encounter with Rosendorff might warrant a new trial. Elizabeth Holmes Denied New Trial and Is Set to Be Sentenced The founder of the failed blood testing start-up Theranos faces a maximum sentence of 20 years in prison. Evans do not stand for any of the proposed meanings that Defendant would want and, even if they did, they would not be material to the issues at trial,” US District Judge Edward Davila wrote in his ruling. They said Rosendorff sounded deeply distressed on the evening he visited Holmes, and told her partner, Billy Evans, that he couldn’t sleep because prosecutors had twisted his testimony. ![]() The ruling follows a hearing during which former Theranos lab director Adam Rosendorff stood by his testimony after lawyers for Holmes had raised concerns that the scientist expressed misgivings about what he told jurors. The 38-year-old entrepreneur faces a maximum of 20 years in prison, although she’ll probably get far less than that. The decision, made late Monday, means that Holmes, who was found guilty in January of defrauding investors in her blood-testing startup, remains on track to be sentenced Nov. Elizabeth Anne Holmes (born February 3, 1984) is an American former biotechnology entrepreneur convicted of criminal fraud. Holmes brings three motions for a new trial, each based on a different set of newly discovered evidence. First, the alleged fraudulent behavior was egregious. founder Elizabeth Holmes’s quest for a new trial is over after a federal judge ruled that the whistle-blower witness who showed up unannounced at her home in August testified truthfully on the witness stand a year ago. 5:18-cr-00258-EJD-1 ORDER DENYING MOTIONS FOR NEW TRIAL Re: Dkt. ALLYN: Former prosecutors who have tried white-collar crimes say there are several reasons why Holmes case stands out among disgraced CEOs.
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