Theranos founder Elizabeth Holmes faces fraud charges in court

SAN JOSE, Calif. -- A federal judge has ordered the FDA to move quickly in providing millions of documents to Theranos founder Elizabeth Holmes she says is key to her defense.

Holmes appeared in a San Jose courtroom on Wednesday.

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She and former Theranos president Ramesh Balwani are facing multiple fraud and conspiracy charges stemming from allegations they engaged in a multimillion-dollar scheme to defraud investors, doctors and patients.

Both defendants have pleaded not guilty and say FDA and FBI documents will rebut those charges.

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The FDA has 75 days to provide those documents.

Holmes could face 20 years in prison and a fine of $250,000 for each count of wire fraud and for each conspiracy count if she's convicted.

VIDEO: Theranos founder Elizabeth Holmes due in court
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Theranos founder Elizabeth Holmes and former President Ramesh "Sunny" Balwani are due in court.

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