Welcome To aBlackWeb

Register

Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients.

Lmao this was one of my favorite scammer stories. I watched all the documentaries, read all the articles, listened to all the podcasts. She had no business getting as far with this shit as she did. Talkin bout she can detect cancer with a tomagatchi. Bitch if you don't get the fuck.
 
shutupGabi said:
Lmao this was one of my favorite scammer stories. I watched all the documentaries, read all the articles, listened to all the podcasts. She had no business getting as far with this shit as she did. Talkin bout she can detect cancer with a tomagatchi. Bitch if you don't get the fuck.
Click to expand...
Mine too!! Lol Homegirl need to write a scammer book because she changed the game
 
Still not sentenced yet, cuz they're rich and can have their lawyers delay, but the last update i saw before this one, she had the baby hoping they wont sentence her long cuz she has a kid. :/

www.fltimes.com

Elizabeth Holmes to try forcing key prosecution witness to talk about his mental health

Theranos founder Elizabeth Holmes wants to force a key prosecution witness — who testified against her last year, then showed up at her home after her fraud conviction this year
www.fltimes.com www.fltimes.com


Theranos founder Elizabeth Holmes wants to force a key prosecution witness — who testified against her last year, then showed up at her home after her fraud conviction this year — to discuss his mental health as part of her bid for a new trial.

Holmes, 38, has argued in U.S. District Court in San Jose that the August visit to her residence by former Theranos lab director Dr. Adam Rosendorff provided new evidence that compels Judge Edward Davila to throw out the jury’s January verdict. The jury found Holmes guilty on four felony counts of defrauding investors in her now-defunct Palo Alto blood-testing startup.

The clock is ticking for Holmes, who is due to be sentenced Nov. 18. Legal experts believe she will receive a multi-year prison sentence for her crimes, which cost investors more than $144 million.


Holmes’ legal team has cast Rosendorff as regretful over his trial testimony against her; they’ve also suggested in court that federal prosecutors may have committed misconduct in their interactions with Rosendorff. But the doctor testified in a special hearing last week that he stood by his statements on the witness stand at her trial, where he said he felt “obligated from a moral and ethical perspective to alert the public” about Theranos’ inaccurate test results.

Holmes lawyer Lance Wade in last week’s hearing raised concerns about the Rosendorff’s mental health, based largely on an interview the doctor gave to an obscure Jewish publication.
Click to expand...
 
Not posting all of it, just key points

www.nytimes.com

Elizabeth Holmes’s Fraud Sentence Will Send a Message One Way or Another (Published 2022)

Ms. Holmes, founder of the failed blood testing start-up Theranos, is scheduled to learn her fate on Friday. She faces a maximum of 20 years in prison.
www.nytimes.com www.nytimes.com


Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, will be sentenced tomorrow. The government is asking for 15 years, but a cache of 100 letters from people, including Senator Cory Booker, are calling for a reduced punishment.


Senator Cory Booker, Democrat of New Jersey, recently praised Elizabeth Holmes’s thoughtful focus and “determination to make a difference.”
The actress Ricki Noel Lander said Ms. Holmes was “a trustworthy friend and a genuinely lovely person.”
And Channing Robertson, who was a professor of chemical engineering at Stanford University, commended Ms. Holmes for her “compassion for others.”
Their comments were part of a cache of more than 100 letters that were filed over the last week to a federal judge in San Jose, Calif., in an effort to reduce the punishment for Ms. Holmes, the founder of the failed blood testing start-up Theranos. In January, she was convicted of four counts of defrauding investors about Theranos’s technology and business dealings. She is scheduled to be sentenced for those crimes on Friday.

Ms. Holmes, 38, faces a maximum of 20 years in prison, according to federal sentencing guidelines for wire fraud. Her lawyers have requested 18 months of house arrest, while prosecutors have asked for 15 years of imprisonment. The probation officer in Ms. Holmes’s case has recommended a sentence of nine years.
The decision lies with Judge Edward J. Davila of U.S. District Court for the Northern District of California, who oversaw Ms. Holmes’s trial last year. In addition to the letters from her supporters asking for leniency, he is set to take into account lengthy memos filed by her lawyers and prosecutors, and will consider whether Ms. Holmes has accepted responsibility for her actions.
Click to expand...


Most notably, Judge Davila must weigh the message that Ms. Holmes’s sentence sends to the world. Her high-profile case came to symbolize the excesses and hubris of Silicon Valley companies that often play fast and loose with the law. Theranos raised $945 million from investors, valuing the company at $9 billion, on the claim that its technology could accurately run many tests on a single drop of blood. But the technology never worked as promised.
Few tech executives are ever found guilty of fraud. So a lighter sentence for Ms. Holmes could send the wrong signal to the industry, legal experts said.

“This is a case with more deterrence potential than most,” said Andrew George, a white-collar defense lawyer at Baker Botts. “Judge Davila will be sensitive to any impression that this person of privilege got a slap on the wrist.”
Click to expand...



Ms. Holmes’s lawyers tried downplaying the money that investors lost on Theranos, painting the venture capital industry as a group of sophisticated rich people who don’t thoroughly research their investments. And in their letters of support, her allies said that what had happened at Theranos was no different from the outcomes at many other start-ups.
“Failures are a part of the game in Silicon Valley,” said Alex Moore, an investor at the investment firm 8VC. “We can’t punish our innovators in society or there will be no innovation.”
In another letter, Yinne Yu, a venture capital investor, said Ms. Holmes “showed more introspection and remorse than what I’d personally witnessed in any other failed founder” in a decade of investing.

Tim Draper, a venture capital investor who backed Theranos, wrote that Ms. Holmes was being condemned by society for “taking that enormous risk, sacrificing everything and failing.” He conceded that he did not know all the facts of the case.
The letters — which came from family members, childhood and college friends, former employees, roommates, consultants and board members — tried reframing Ms. Holmes as a warm and selfless person. They also painted the first detailed picture of what her life has been like in recent years. Outside of her testimony at her trial, Ms. Holmes has not spoken publicly since Theranos collapsed in 2018.
The court filings showed that she became pregnant with her second child since her conviction. She also logged 500 hours as a rape crisis counselor and swam across the San Francisco Bay. Her dog, Balto, was killed by mountain lions
Click to expand...
.


Prosecutors argued that the letters of support for Ms. Holmes showed that she could not blame her crimes on a difficult upbringing. “Holmes, with strong family support, exceptional educational opportunities and financial stability, chose to commit fraud, repeatedly,” they wrote.
In an eight-page, single-spaced letter, Billy Evans, Ms. Holmes’s partner, wrote that much of what has been written about her was untrue, including the fact that she was a good salesperson.
“Liz has no ability to ‘sell something’; she simply believes in things with such depth that it is alluring,” Mr. Evans wrote. “She is more of a zealot than a showman.” He said Ms. Holmes’s notoriety had ruined any privacy and described a life under constant surveillance and threat.
Mr. Evans’s father, William, who posed as a spectator named “Hanson” at Ms. Holmes’s trial, said in his own letter that Google search results for Ms. Holmes exceeded those for Babe Ruth or Ronald Reagan — and all of hers were negative. “Osama bin Laden has 21 million results, many of which are positive,” he added.
Click to expand...


Prosecutors countered those portraits with evidence presented at Ms. Holmes’s trial. She manipulated regulators, lied to the media, falsified documents and intimidated whistle-blowers, leading one employee, Tyler Shultz, to contemplate suicide, they wrote. She enjoyed the fruits of her fraud, they wrote, flying on a private jet, living in a $15 million mansion, appearing on magazine covers and dining at the White House.
“She repeatedly chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors,” they said.
In addition to 15 years in prison, prosecutors asked the court to order Ms. Holmes to pay $804 million in restitution for harm done to Safeway and Walgreens, two companies that Theranos had partnerships with, and George P. Shultz, the former secretary of state. Mr. Shultz, who died last year, was Tyler Shultz’s grandfather and sat on Theranos’s board.
Click to expand...

Ms. Holmes did not make much money on Theranos, the court filings showed. On top of a $450,000 loan to pay a settlement with the Securities and Exchange Commission, she has legal fees of more than $30 million, according to the filings. Prosecutors questioned whether Ms. Holmes and her family’s money was being managed to avoid paying back investors. Ms. Holmes’s lawyers responded that suggesting Mr. Evans marry her so his family, which owns a chain of hotels, pay her debts was “unfounded.”
Prosecutors also questioned whether Ms. Holmes felt remorse.
“She accepts no responsibility,” they wrote. “Quite the opposite, she insists she is the victim. She is not.”
Click to expand...


If she doesnt get at least 15, pure fuckery
 
aged like milk
xu5wzkhtds0a1.jpg


Whats funny is she got pregnant when the trial started and got pregnant again right before sentencing to try and get less time. Didnt seem to work tho lol
 
You must log in or register to reply here.
Back
Top