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Elizabeth Holmes sentencing proposed for September

Theranos founder Elizabeth Holmes, middle, and her circle of relatives go away the Robert F. Peckham Federal Development and U.S. Courthouse after the jury discovered her responsible on 4 counts in San Jose, Calif., on Monday, Jan. 3, 2022.

Dai Sugano | MediaNews Crew | Getty Pictures

Former Theranos CEO Elizabeth Holmes, who used to be convicted of federal fraud fees final week, will probably be put on a $500,000 bond secured through assets and sentenced Sept. 12 beneath phrases proposed in a court docket submitting on Tuesday night time.

The court docket submitting additionally stated the federal government will brush aside counts 3, 4 and 5 of the indictment through which the jury deadlocked on.

The 3 dropped counts relate to buyers Alan Eisenman, Chris Lucas from Black Diamond Ventures and Bryan Tolbert from Corridor Crew. All 3 of the buyers testified that Holmes misled them about her blood-testing corporate.

Theranos raised over $945 million from buyers over its lifetime.

The proposed stipulation which used to be filed through the federal government and lawyers for Holmes, stated “the events agree {that a} sentencing listening to following Hard work Day 2022 can be suitable in gentle of ongoing court cases in a comparable topic.”

That refers to pending fraud fees in opposition to former Theranos president and Holmes’ Ramesh “Sunny” Balwani, her most sensible government and boyfriend on the time.

The court docket submitting additionally units a timeline for all sides to record post-trial motions. U.S. District Court docket Pass judgement on Edward Davila would want to approve the joint movement.

After greater than 50 hours of deliberations, Holmes used to be discovered responsible of 3 counts of twine fraud and one rely of conspiracy to dedicate twine fraud in the case of mendacity to buyers. The jury of 8 males and 4 girls discovered her no longer responsible of 4 fees in the case of mendacity to sufferers. The jury may just no longer achieve a unanimous verdict on 3 counts in the case of buyers.

Balwani, who has pleaded no longer responsible, is going through the similar fees in a separate trial that has been not on time till March because of the Covid surge.