Elizabeth Holmes’ judge says he won’t rule on her prison date till end of month
and said she had planned to go to a wedding in Mexico with her fiancé Billy Evans if she were acquitted, but they neglected to cancel the flight.
Holmes, 39, founded Theranos in 2003 as a Stanford University dropout, and drove the startup to a valuation as high as $9 billion on claims her machines, for a time in use at Walgreens drug stores, could run a full range of tests on just a few drops of blood. The company went bust in 2018 after a series of Wall Street Journal exposés led to federal investigations and fraud charges.. Her lawyers in a recent court filing mentioned her two young children.
Federal prosecutors in a court filing last month asked Davila to order Holmes to pay back the full amount of investor losses, which the prosecution tallied at more than $878 million. Davila has pegged investor losses from Holmes’ criminal conduct at $381 million. Holmes in a February court filing said she “continues to work on ideas for patents” but “has essentially no assets of meaningful value.”
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