The US Attorney’s Office in San Francisco on Thursday issued a “call for information” from victims following the separate convictions of the former executives for their roles in the collapse of the company once valued at $9-billion. The federal judge in San Jose, California, who presided over the trials will use the information in determining their sentences, according to a statement from the office.
In their respective trials, the Theranos executives blamed each other for the fraud. US District Judge Edward Davila will weigh the evidence presented at both trials, as well as the counts each was found guilty of, in determining their sentences. Criminal defence lawyers have said both Holmes and Balwani could face a decade in prison.
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