- Elizabeth Holmes, the founder and former CEO of Theranos, is expecting a child, according to her lawyer.
- Holmes is due to give birth in July and has requested that her trial be postponed until the end of August.
- Due to her pregnancy, the federal prosecution demanded a postponement.
Founder and former Theranos CEO Elizabeth Holmes is pregnant, according to new court documents.
According to newly filed court papers, Holmes plans to give birth in July and has requested a postponement of her federal trial. Both Holmes’ attorneys and the prosecution asked for the trial to be postponed. If approved, she will go on trial on August 31 for various federal fraud charges.
Holmes is accused of defrauding the company’s investors out of millions of dollars after promising of a new type of blood test. That test was purported to perform a multitude of blood tests, able to detect everything from high cholesterol to cancer, with a simple pinprick.
After promising a new type of blood test, Holmes is accused of defrauding the company’s investors out of millions of dollars. With a simple pin prick, that test was supposed to perform a variety of blood tests, able to detect anything from high cholesterol to cancer.
On the promise of such a test, the company raised over $700 million from investors. The FDA began investigating Theranos in August 2015 and discovered “major inaccuracies” in its tests.
In 2018, the US Department of Justice charged Holmes and former Theranos CEO Sunny Balwani with nine counts of wire fraud and two counts of conspiring to commit wire fraud. She later resigned from her position as CEO.