![]() ![]() ![]() Those charges, Balwani, asserts, "would completely unravel with different, more honest" testimony from Rosendorff in a new trial. If you’ve been as obsessed with The Dropout podcast as us, you’ll know that Elizabeth Holmes, disgraced former CEO of Theranos (a blood testing start-up based in Silicon Valley), was this month. Theranos was founded in 2003 by Elizabeth Holmes in the famous Silicon Valley in California. They argue that it's unfair to remotely prepare for Elizabeth's trial. Because of the COVID-19 crisis, Elizabeth's lawyers want to push the date. ![]() She could face 20 years in prison, along with a 2.7 million fine. Holmes faces a sentence of up to 80 years in prison. Elizabeth was charged with nine counts of wire fraud and her court date was scheduled for this summer. Holmes whom Time magazine declared one of the world’s most influential people in 2015 has gone from being one of Forbes’ Richest Self-Made Women, with a net worth of 4.5 billion, to having. Highlighting Rosendorff's alleged statements to Evans to the effect that "everyone at Theranos was working hard to do something good and meaningful and doing the best they could," the Balwani motion argues that such testimony would be "a far cry" from Rosendorff's assertions at trial that Balwani "repeatedly ignored" Rosendorff's concerns about the development of testing procedures at the now-defunct company.Įven more, the Balwani defense argues, Rosendorff's statements may be "the tip of the iceberg" of government misconduct in trying to "paint a misleading picture of the facts."īalwani, the motion asserts, should also be granted leave to participate in the evidentiary hearing because Rosendorff's negative portrait of the "systemic reliability of Theranos's technology" was "essential. BOTH Erika Cheung and Tyler Shultz worked at Elizabeth Holmes’ company Theranos. 2022, Holmes was found guilty on four out of the 11 charges, all of which were related to defrauding investors. ![]() Balwani's motion says that Rosendorff's alleged change of heart, if proven, provides an even stronger basis for a new trial in his case than in Holmes. ![]()
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