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Elizabeth Holmes Appears in Court for the First Time Since Release of HBO Documentary


Elizabeth Holmes is back in court.

The 35-year-old appeared at a San Jose, California, federal courthouse on Monday for a status hearing.

It marks her first appearance since the March release of the HBO documentary The Inventor: Out for Blood in Silicon Valley which follows the rise and fall of her company Theranos.

Holmes, who faces charges in wire fraud and conspiracy to commit fraud, appeared calm and was dressed in a light blue button-down shirt, gray slacks and gray blazer.

Also in the courtroom was former Theranos president Ramesh “Sunny” Balwani, who is also facing charges of fraud and conspiracy to commit wire fraud.

A judge proposed July 8 as the start date for Holmes’ trial, according to a tweet by CNBC reporter Sally Shin.

Attorneys for Holmes and Balwani did not immediately respond to PEOPLE’s request for comment.

In March 2018, Holmes and Balwani were charged with “raising more than $700 million from investors through an elaborate, years-long fraud” by the Securities and Exchange Commission.

Holmes and Theranos settled with the SEC, with Holmes agreeing to pay $500,000 and be barred from serving as a director or officer of a public company for 10 years. She has not admitted or denied any wrongdoing with regard to the settlement.

Three months later, the U.S. Attorney’s Office in San Francisco charged Holmes and Balwani with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. The pair pleaded not guilty to charges of wire fraud, and if convicted, could face up to 20 years in prison, according to ABC News.

RELATED: What’s Next for Elizabeth Holmes: a Trial, a Wedding and a Movie Starring Jennifer Lawrence

The charges are a far cry from the life Holmes was living just a few years ago. In the fall of 2014, the former Theranos CEO was named one of Forbes’s richest women in America and her start-up company was valued at $9 billion.

Around 20 months later, Holmes’ net worth was estimated at $0 and she was charged with an “elaborate years-long” fraud having duped millions.

The Inventor: Out for Blood in Silicon Valley is now streaming on HBO.

(This story has not been edited by N24 staff and is People.com auto-generated from a RSS feed.)

Published Date: Tuesday, April 23rd, 2019 | 08:45 AM

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