Theranos founder Elizabeth Holmes has been charged with criminal fraud

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sjankis630 said:
Elizabeth Holmes delays her start of prison with yet another appeal

Will this chick just hurry up and go to jail? Damn!
:stopitslime::stopitslime:
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88m3 said:

​

Elizabeth Holmes' prison sentence has been delayed​




:dead:
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This is how capitalism works. Justice for the rich is different than justice for everyone else. I mean come on, last year the "Trump Organization" was convicted of 17 counts of tax fraud. Not a person, just the organization, which was then fined about 0.05% of Trump's net worth. Imagine if a random street hood could get away with crimes because the D.A. decided that he didn't do that shyt, it was "The Bloods" who did it.

Until we're willing to divorce the legal and political systems from capitalism, then this will always happen. Money is power, and those with power will rig the game to protect their own.
 
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Read that piece in the Times

maybe I'll run into her in San Diego lol

I truthfully think she has been vilified to an unreasonable degree, but collectively culturally "we" tend"to do that to everyone. Project our own values onto situations and people, to better define who we are.

She's guilty of white collar crimes, and a massive ego, privilege, yes, but people seem to hate her, and that to me, is a problem with all of this, politics, social media, all if it.
 
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re'up said:
Read that piece in the Times

maybe I'll run into her in San Diego lol

I truthfully think she has been vilified to an unreasonable degree, but collectively culturally "we" tend"to do that to everyone. Project our own values onto situations and people, to better define who we are.

She's guilty of white collar crimes, and a massive ego, privilege, yes, but people seem to hate her, and that to me, is a problem with all of this, politics, social media, all if it.
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Im asking bc I always got the sense you’re an intelligent/level headed poster with whom one can have an actual discussion - is hatred an unreasonable or unfair emotion/reaction?

Personally I think the opposite is the bigger problem. Our society suffers bc of people like Holmes precisely because we are effectively neutered when it comes to the range of reactions/beliefs/possible consequences. It’s why these white collar perpetrators are always so confident they can regain public/social acceptance while evading accountability. And if you scratch just a little harder beneath the surface, it’s one of the reasons why it’s socially acceptable to hate and publicly shun the guy who steals a case of beer while offering some level of grace to someone who steals a hundred million dollars.

People like her should be hated. Think for a minute about the shameless corruption and colossal waste and theft of resources that she and others like her represent. It is incalculable.
 
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GnauzBookOfRhymes said:
Im asking bc I always got the sense you’re an intelligent/level headed poster with whom one can have an actual discussion - is hatred an unreasonable or unfair emotion/reaction?

Personally I think the opposite is the bigger problem. Our society suffers bc of people like Holmes precisely because we are effectively neutered when it comes to the range of reactions/beliefs/possible consequences. It’s why these white collar perpetrators are always so confident they can regain public/social acceptance while evading accountability. And if you scratch just a little harder beneath the surface, it’s one of the reasons why it’s socially acceptable to hate and publicly shun the guy who steals a case of beer while offering some level of grace to someone who steals a hundred million dollars.

People like her should be hated. Think for a minute about the shameless corruption and colossal waste and theft of resources that she and others like her represent. It is incalculable.
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Those are interesting points. There's a lot about class and socioeconomic status there, for sure, with someone like Holmes. But, there's also the idea that she can't really help being of that class, or succumbing to a lot of the mindsets of that class. I understand how that can happen, when you throw in the Silicon Valley ethos, plus Stanford (right?) or Harvard or wherever, plus just capitalism and our culture. I don't think she meant to steal, I think arrogance and delusion led her to make increasingly the kind of decisions that prosecutors can use to indict you

Yes, her refusal to accept responsibility, and plead guilty, and a lot of things make her unlikeable, in a sense. But, why would I HATE her? Put it more personally, were it easy for me, I would probably 100% steal 100 million (from wealthy investors) do 7.5 years in prison, and keep the 80 million. I get it. People commit the crimes that make sense to them. And are proximate. Would I demonize Los Chapitos? No, I wouldn't, any more than the guy who steals a case of beer.

There are heinous crimes for which I lack such openness, but what I see is people not being willing to understand what drives other people, how their lives transpire. I think that's a major problem that society has always had. The refusal to see anyone but themselves, as right or even human.
 
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Looks like that last minute attempt didn’t work out for you Liz and you got fukked even harder. This time it won’t be no baby after the fukking, only a cold dark prison cell.. :demonic:

abcnews.go.com

Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill

Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison
abcnews.go.com abcnews.go.com

Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill​

Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison​

By
MICHAEL LIEDTKE AP Technology Writer
May 16, 2023, 8:39 PM ET
• 4 min read
Elizabeth Holmes files last appeal to delay prison sentenceAttorneys for Holmes filed a last-minute motion challenging a district court’s decision to deny her request to stay out of prison while her case is pending appeal.The Associated Press
SAN FRANCISCO -- Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.

In another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered Holmes to pay $452 million in restitution to the victims of her crimes. Holmes is being held jointly liable for that amount with her former lover and top Theranos lieutenant, Ramesh “Sunny" Balwani, who is already in prison after being convicted on a broader range of felonies in a separate trial.

The Ninth Circuit Court of Appeals decision on Holmes' attempt to avoid prison comes nearly three weeks after she deployed a last-minute legal maneuver to delay the start of her 11-year sentence. She had been previously ordered to surrender to authorities on April 27 by Davila, who sentenced her in November.

Davila will now set a new date for Holmes, 39, to leave her current home in the San Diego area and report to prison.

The punishment will separate Holmes from her current partner, William “Billy” Evans, their 1-year-old son, William, and 3-month-old daughter, Invicta. Holmes’ pregnancy with Invicta — Latin for “invincible,” or “undefeated” — began after a jury convicted her on four counts of fraud and conspiracy in January 2022.

Davila has recommended that Holmes serve her sentence at a women’s prison in Bryan, Texas. It hasn’t been disclosed whether the federal Bureau of Prisons accepted Davila’s recommendation or assigned Holmes to another facility.

Balwani, 57, began a nearly 13-year prison sentence in April after being convicted on 12 counts of fraud and conspiracy last July. He was incarcerated in a Southern California prison last month after losing a similar effort to remain free on bail while appealing his conviction.

The verdict against Holmes came after a 46 days of trial testimony and other evidence that cast a spotlight on a culture of greed and hubris that infected Silicon Valley as technology became a more pervasive influence on society and the economy during the past 20 years.

The trial’s most riveting moments unfolded when Holmes took the witness stand to testify in her own defense.

Besides telling how she founded Theranos as a teenager after dropping out of Stanford University in 2003, Holmes accused Balwani of abusing her emotionally and sexually. She also asserted she never stopped believing Theranos would revolutionize healthcare with a technology that she promised would be able to scan for hundreds of diseases and other potential problems with just a few drops of blood.

While pursuing that audacious ambition, Holmes raised nearly $1 billion from a list of well-heeled investors that included Oracle co-founder Larry Ellison and media mogul Rupert Murdoch. Those sophisticated investors all lost their money after a Wall Street Journal investigation and regulatory reviews exposed dangerous flaws in Theranos’ technology.

In his restitution ruling, Davila determined that Holmes and Balwani should pay Murdoch $125 million —- by far the most among the investors listed in his order. The restitution also requires the co-conspirators in the Theranos scam to pay $40 million in Walgreens, which became an investor in the startup after agreeing to provide some of the flawed blood tests in its pharmacies in 2013. Another $14.5 million is owed to Safeway, which has also agreed to be a Theranos business partner before backing out.

In separate hearings, lawyers for Holmes and Balwani tried to persuade Davila their respective clients should be required to pay little, if anything. Prosecutors had been pushing for a restitution penalty in the $800 million range. Both Holmes — whose stake in Theranos was once valued at $4.5 billion — and Balwani — whose holdings were once valued around $500 million — have indicated they are nearly broke after running up millions of dollar in legal bills while proclaiming their innocence.

Holmes’s lawyers have been fighting her conviction on grounds of alleged mistakes and misconduct that occurred during her trial. They have also contended errors and abuses that biased the jury were so egregious that she should be allowed to stay out of prison while the appeal unfolds — a request that has now been rebuffed by both Davila and the Ninth Circuit Court of Appeals.
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ADevilYouKhow said:

:heh:
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"Elizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday."
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But she was living in a $35 million mansion until the moment she finally entered those prison doors. :mjlol:

She should be forced to live in public housing and on food stamps until the money is repaid.




"As part of the original restitution order, some $125 million is owed to media mogul Rupert Murdoch, as well as millions in payments to other Theranos investors."
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On second thought, fukk 'em. :russ:
 
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