THERANOS founder Elizabeth Holmes is pregnant, causing prosecutors to request a delay in her fraud trial until after she gives birth.
Holmes’ lawyers told the government she was pregnant on March 2 and requested that the judge postpone jury selection until August 31, according to a court filing on Friday obtained by The Wall Street Journal.
Theranos founder Elizabeth Holmes is pregnant[/caption]
“The parties have met and conferred, and both parties agree that, in light of this development, it is not feasible to begin the trial on July 13, 2021, as currently scheduled,” the filing states.
The father of Holmes’ baby is reportedly hotel heir William “Billy” Evans, 29, whom she wed in 2019.
Holmes, 37, is accused of tricking investors into funding her blood-testing company Theranos Inc, which turned out to be a fraudulent operation.
She and former Theranos President Ramesh “Sunny” Balwani, 56, are accused of scamming $700million out of investors.
Theranos Founder Elizabeth Holmes’ trial was postponed after news that she is pregnant[/caption]
They are also accused of using money from investors to subsidize their luxury lifestyles.
Holmes pleaded not guilty to charges of defrauding investors, patients and doctors by claiming falsely that Theranos could revolutionize medical laboratory testing to make many tests possible with only a few drops of blood.
She founded Theranos when she was 19 years old and was seen as a Silicon Valley star.
Theranos promised to revolutionize the laboratory testing industry but turned out to be a scam[/caption]
Theranos was worth up to $9billion as it promised to revolutionize laboratory testing.
Holmes was indicted in 2018.
Her trial was set to take place on July 28, 2020, in San Jose, California, but was delayed due to the coronavirus pandemic.
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Holmes’ trial had already been postponed three times due to the pandemic.
Holmes’ lawyers earlier wrote that they planned to present evidence “relating to a mental disease or defect or any other mental condition of the defendant bearing on… the issue of guilt.”
Meanwhile, Balwani’s trial is slated to start on January 18 and is being taken separately from Holmes’.