Elizabeth Holmes, founder of Theranos, wins a major legal victory

Elizabeth Holmes, CEO of the Angry Technical Division, was all smiles as she was appearing in court yesterday – and it looks like her trust is not misplaced.

The 35-year-old recently won a major legal victory in preparations for her fraud trial scheduled for August.

The woman who was once the youngest and wealthiest autonomous billionaire in America in the United States now faces decades of prison, and her case has captivated the public in the United States and around the world.

Who is Elizabeth Holmes?

The former disgraced billionaire became famous after founding his revolutionary blood test company, Theranos, in 2003, at the age of 19.

She claimed to have invented blood tests requiring only very small amounts of blood with a finger prick and not a needle.

Theranos raised more than 700 million US dollars ($ 1.03 billion) from venture capital and private equity investors, which earned it a US $ 10 billion valuation. its highest level in 2013 and 2014.

In 2015, Holmes was celebrated as the youngest and richest autonomous female billionaire in the US, with an estimated net worth of US $ 4.5 billion.

But in 2016, everything started to collapse.

This multi-billion dollar fortune was reduced to $ 0 by Forbes, while Holmes faced numerous allegations of potential fraud that would have fooled investors by the millions.

She and former Theranos chairman and CEO, Ramesh "Sunny" Balwani, were charged with nine fraudulent counts and two counts of conspiracy to commit such a wire, both pleading not guilty. .

In September 2018, Theranos was permanently closed.

The trial is to begin in August 2020.

New legal victory

Although Holmes has been hit by setbacks, she has just won a rare victory in court.

She appeared Wednesday in an audience hall of San Jose, abandoning her iconic black turtleneck – inspired by her hero Steve Jobs – for an elegant sleeveless black dress and blazer.

She seemed relaxed and even smiled for the cameras as soon as she arrived, but ignored questions from reporters on hold, including Yasmin Khorram of CNBC, who asked her if she would ever make a public statement about the scandal.

Holmes is notoriously silent about his fall.

According to Bloomberg, his lawyers had demanded from the US Food and Drug Administration (FDA) "millions of documents" that they believe would be crucial to his defense.

The FDA had stated that it would take them up to six months to deliver it – a delay that his lawyers had criticized for harming him.

Last month, Lance lawyer A. Wade said prosecutors who had access to these documents enjoyed an unfair advantage, but that when Holmes' team attempted to to access, "the regulatory vagueness suddenly appears in front of all these demands," said Bloomberg. saying.

At the sentencing hearing this week, US District Judge Edward Davila agreed that six months, it was "too long".

Holmes is also after the records of the centers for Medicare and Medicaid Services, and the judge ordered the agencies to produce them within 75 days.

Holmes and Balwani claim that these documents could help them prove that they did not know that Theranos' tests were inaccurate and that they did not knowingly distort the company's achievements.

However, the FDA fears that the documents in question are actually being reported by an anonymous whistleblower.

The trial is scheduled to begin in August 2020, but if the FDA does not provide the documents, it is to be feared that this will cause a delay.