Elizabeth Holmes, the unfaithful founder of the blood test startup Theranos, will officially go to San Jose in San Jose next year, according to the American district judge Edward J. Davila from the northern district of California.
Federal prosecutors accused Holmes and the former president of the company and COO, Ramesh "Sunny" Balwani last summer, charging the pair two conspiracies to commit wire fraud and nine counts of wire fraud. The couple faces 20 years in prison and hundreds of thousands of dollars in fines.
According to TechCrunch, the process starts in August 2020, with selection of the jury starting on July 28, 2020. The Wall Street Journal also reports that prosecutors have collected millions of pages of documents and that the defense has complained about the amount being presented, and that the WSJFirst report possibly too much influenced the way in which government regulators approached the company.
Holmes founded Theranos in 2003 and claimed it had developed a device to perform hundreds of tests from one drop of blood. Holmes was able to raise hundreds of millions of dollars from investors, but in 2015 The Wall Street Journal reported that the company's allegations were lies and that Holmes and others had hidden the results of the company to hide that their technology was not working. The report led to strong opposition to the company, which eventually led to the labs being closed in 2016 and fully closed last year.