Elizabeth Holmes is expected to be sentenced on Sept. 26, according to the latest court documents. The government will also dismiss the three counts of investor fraud on which the jury was deadlocked.
“The parties agree that a sentencing hearing following Labor Day 2022 would be appropriate in light of ongoing proceedings in a related matter,” the court documents read, referring to fraud charges against former Theranos president and Holmes’s ex-boyfriend Sunny Balwani. Balwani’s trial was pushed to March because of COVID-19 concerns.
The founder and former head of Theranos was found guilty for defrauding investors and conspiracy, but she was not found guilty for defrauding patients. The government dropped counts on whether Holmes defrauded investors Alan Eisenman, Chris Lucas from Black Diamond Ventures and Bryan Tolbert from Hall Group.
Holmes will also be placed on a $500,000 bond, according to CNBC.
CNBC initially reported that the sentencing would take place on Sept. 12, but an official document released later showed that the date had been crossed out and changed to the 26th.
Update 1/12 4 p.m. PT: Updated to reflect the latest court documents.