Disgraced Theranos founder Elizabeth Holmes won’t be sentenced until SEPTEMBER

Disgraced Theranos founder Elizabeth Holmes won’t be sentenced until SEPTEMBER: Fraudster will remain free on $500,000 bond until prosecutors try her ex Sunny Balwani on the same charges

  • Convicted fraudster Elizabeth Holmes, 37, could spend the summer a free woman after lawyers proposed a September 12 sentencing date
  • Lawyers on both sides agreed to a delayed hearing to avoid overburdening the court as it prepares to hear the trial of her ex-boyfriend Sunny Balwani 
  • Balwani’s trial is set to begin next month, and a status hearing has been scheduled for Wednesday
  • Holmes faces up to 20 years in jail after being convicted of swindling investors out of $945million and lying about her company’s blood test technology
  • She was freed on $500,000 bond to await sentencing
  • It’s not clear whether she will be required to wear an electronic monitoring device  

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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