Theranos founder Elizabeth Holmes and her former second-in-command at the Silico...
LOS ANGELES - Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company’s technology, court documents show.
During a hearing in federal court in San Jose, California, U.S. District Judge Edward Davila set jury selection to begin in the trial of Holmes, 35, and former Theranos President Ramesh “Sunny” Balwani, on July 28, 2020, according to minutes of the proceedings.Holmes and Balwani, 54, were indicted in June 2018 on 11 counts of conspiracy and wire fraud. They have pleaded not guilty.
Holmes and Balwani are accused of using advertising and solicitations to encourage doctors and patients to use the company’s testing laboratory services even though they knew it could not produce accurate and reliable results consistently.
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