ELIZABETH Holmes is known as the disgraced founder and former CEO of Theranos, a company that promised customers easier blood testing.
As her trial approached, Holmes revealed that she was pregnant and gave birth to her first child on July 10, 2021.
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Who is the father of Elizabeth Holmes’ baby?
The announcement of Holmes’ baby came back in March.
The father of Holmes’ child is her husband, the heir to the Evans Hotel Group’s chain of hotels, William Evans.
Evans, 29 and Holmes, 37, tied the knot back in 2019, while Holmes was still awaiting trial.
Following the birth, the prosecution voiced their frustration with Assistant U.S. Attorney Robert Leach, saying that her baby might play a role in the jury’s verdict.
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“Not only is that going to help her in her trial, but it will really help her in the event that she is convicted,” Caroline Polisi, a federal white-collar criminal defense attorney said on “The Dropout: Elizabeth Holmes on Trial” podcast. “The fact that she is a young, new mother is going to play into any potential sentence.”
While Polisi is not associated with the trail, she is one of many guests that ABC News’ Rebecca Jarvis has had on the show.
Was Elizabeth Holmes convicted?
Holmes was found guilty on four charges, three counts of wire fraud and one count of conspiracy to commit wire fraud.
However, the jury could not reach a verdict on three counts of wire fraud.
She was found not guilty of four other felony charges.
The verdict was read out on Monday, January 3, 2022.
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Earlier that day, a jury could not reach a unanimous verdict of 3 of 11 counts.
The New York Times reported Holmes will most likely appeal. Each count “carried a maximum sentence of 20 years in prison,” the outlet reported.
CNN reported she faces up to 20 years in prison and a fine of $250,000 plus restitution.
In March 2018, the US Securities and Exchange Commission charged Holmes and Theranos’s former president, Ramesh “Sunny” Balwani, with fraud by taking more than $700million from investors while advertising a false product.
The diagnostics company promised faster and cheaper results compared with traditional labs, running an analytical gamut with a few drops of blood. However, after years of hype and billions of dollars later, the miracle machines allegedly did not work.
Prosecutors allege Holmes knew it, yet continued to lie to investors, doctors, and patients so she could raise more than $700million.
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When is Elizabeth Holmes’ trial?
Holmes was indicted in 2018, and the trial was set to take place on July 28, 2020, in San Jose, California, but has since been delayed three times.
The trial was initially delayed due to the coronavirus pandemic and was then extended even further, with jury selection being pushed back due to Holmes’ pregnancy.
The trial began on August 31 and appeared to end on Monday, January 3, 2022.
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