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Lawyers can reveal details of luxury spending during a criminal trial at Elizabeth Holmes.
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The court said the lawyer could not file a particular purchase, but her wealth was related to the case.
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The criminal trial of Theranos founder Elizabeth Holmes is scheduled for August 2021.
New details on the richness and luxury lifestyle of Theranos founder Elizabeth Holmes may be revealed in her fraud trial later this year.
The United States District Court for the Northern District of California excludes plaintiff U.S. Government from presenting details of her extravagant spending because of the misleading “disadvantageous risk” that is unrelated to the case. Partially acknowledged the request. Jury, according to court ruling filed May 22.
Judge Edward Davila can provide evidence that the government wants Holmes to take advantage of her blood testing company’s status to become wealthy, but because of her wealth, a jury tells Holmes. He ruled that he could not provide details that could be prejudiced. CNBC First I reported the filing on Saturday.
The US government can provide evidence that Holmes had the same salaries, benefits, benefits, and lifestyles as other Silicon Valley technology CEOs. The government may not see specific purchases or details that reflect the brand of clothing, hotels, or other items.
Theranos By using a unique laboratory technician on a small amount of customer’s blood, it is said to detect medical conditions such as cancer and high cholesterol. The company has raised over $ 700 million from investors to build the technology.
The· US Department of Justice Holmes and Theranos president Sunny Barwani have been charged with nine wire frauds in 2018, accusing them of deceiving investors, healthcare professionals and customers. Both claim innocence.
The criminal trial was scheduled to begin in October 2020, but Holmes demanded a postponement for her. pregnancy.. The trial is scheduled to start in August.
Read the original article Business insider