The ruling issued late Monday is the latest setback for Holmes, a former Silicon Valley star who once boasted an estimated net worth of $4.5 billion but is now facing up to 20 years in prison that would separate her from her 1-year-old son.
A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth Holmes after concluding a key prosecution witness's recent remorseful attempt to contact her wasn't enough to award her another chance to avoid a potential prison sentence for defrauding investors at her blood-testing company.
In the latest twist in a Silicon Valley soap opera, Holmes appeared to be pregnant when she showed up for an Oct. 17 hearing about her request for a new trial. That hearing focused on remorseful remarks made in August by former Theranos lab director Adam Rosendorff, a pivotal witness who testified about Holmes' skullduggery during her trial last year.
Holmes is facing up to 20 years in prison - a stunning reversal of fortune for a once-ballyhooed entrepreneur who appeared on the covers of magazines and on stage with luminaries such as former President Bill Clinton. She was initially lionized as a visionary for a Theranos technology that she pledged could scan for hundreds of diseases and other potential problems with a few drops of blood.
In court documents, Evans said an emotionally distraught Rosendorff confided that during his trial testimony that "he tried to answer the questions honestly but that the prosecutors tried to make everyone look bad" and felt "he had done something wrong."
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