(CNN Business)Elizabeth Holmes, the founder and former CEO of Theranos, may seek a "mental disease" defense in her criminal fraud trial, according to a new court document.
Holmes, whose failed biotech company purported to have revolutionized blood testing and was once valued at $9 billion, was indicted on federal wire fraud charges in June 2018, along with Theranos' former COO. The indictment alleged they engaged in a multi-million dollar scheme to defraud investors, as well as a scheme to defraud doctors and patients. They could face up to 20 years in prison.
The trial, which was initially set to begin this summer but was delayed due to the global pandemic, is now slated to start in March.
This week, Judge Edward Davila of the US District Court for the Northern District of California granted federal prosecutors the ability to have Holmes examined by two experts -- a psychologist and a psychiatrist -- over two consecutive days and for no more than 14 hours combined. The ruling comes after Holmes' defense team previously notified the government of intent to "introduce expert evidence relating to a mental disease or defect or any other mental condition of the defendant bearing on ... the issue of guilt," according to the filing.
https://www.cnn.com/2020/09/10/tech/theranos-holmes-mental-disease/index.html
Trump will use the same defence.
Holmes, whose failed biotech company purported to have revolutionized blood testing and was once valued at $9 billion, was indicted on federal wire fraud charges in June 2018, along with Theranos' former COO. The indictment alleged they engaged in a multi-million dollar scheme to defraud investors, as well as a scheme to defraud doctors and patients. They could face up to 20 years in prison.
The trial, which was initially set to begin this summer but was delayed due to the global pandemic, is now slated to start in March.
This week, Judge Edward Davila of the US District Court for the Northern District of California granted federal prosecutors the ability to have Holmes examined by two experts -- a psychologist and a psychiatrist -- over two consecutive days and for no more than 14 hours combined. The ruling comes after Holmes' defense team previously notified the government of intent to "introduce expert evidence relating to a mental disease or defect or any other mental condition of the defendant bearing on ... the issue of guilt," according to the filing.
https://www.cnn.com/2020/09/10/tech/theranos-holmes-mental-disease/index.html
Trump will use the same defence.
