Judge declines to overturn Elizabeth Holmes guilty verdict

SAN JOSE, Calif. — A federal decide on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on 4 felony counts of fraud and conspiracy. That leaves the previous Silicon Valley star a step nearer to serving jail time.

U.S. District Judge Edward Davila gained’t make that call remaining till Oct. 17, when he’s scheduled to sentence Holmes in the identical San Jose, California, courtroom the place a jury discovered her guilty of duping traders in her much-hyped blood-testing startup.

Holmes, 38, faces up to 20 years in jail and a $250,000 superb, plus restitution, for mendacity to traders a couple of Theranos know-how she hailed as a revolution in healthcare however which in follow produced dangerously inaccurate outcomes.