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Tribune News Service
Tribune News Service
Business
Ethan Baron

Elizabeth Holmes: Theranos founder’s sentencing delayed

Theranos founder Elizabeth Holmes will be sentenced for felony fraud October 17 instead of September 26, according to a notice from the federal court where she was convicted Jan. 3 of defrauding investors.

The clerk’s notice from U.S. District Court in San Jose provided no explanation for the delay.

Holmes, 38, was found guilty by a jury of bilking investors out of more than $144 million as she raised money for her purportedly revolutionary Palo Alto blood-testing startup. She gave birth to a son a year ago and remains free on a $500,000 bond.

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