CA - Elizabeth Holmes (Theranos) Wire Fraud Thread *Guilty* #3

DNA Solves
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DNA Solves
The rich investors who lost money went into it knowing it was an investment and they could lose money.

The patients had no knowledge of it - the investment side - and expected correct results. Just like I always expect my lab results to be reliable so did all these Holme's victims.

2 Cents
Especially when it's pregnancy related or whether you have Cancer or not. It's not like a simple, "Do I have high Cholesterol?"
 

5/7/24

The Bureau of Prisons’ online database currently shows that Holmes’ expected release date from a Texas prison is August 16, 2032 — a slight reduction from her previous release date of December 29, 2032.

[..]

Qualified inmates are currently eligible for up to 54 days of GCT time for each year of the sentence imposed by the court.

Inmates have other ways of earning time credits while incarcerated, including participation in various prison programs. These factors that go into calculating an estimated release date are not unique to Holmes’ case, but standard for inmates, a bureau spokesman previously told CNN.
 

6/4/24

Imprisoned Theranos fraudster Elizabeth Holmes’ appeal is set to be heard June 11 in San Francisco federal court.

[..]

Holmes’ legal team and the prosecution are set to argue the case at 9 a.m. in the U.S. Court of Appeals for the Ninth Circuit. She launched her appeal in late 2022, 11 months after a jury convicted her on four felony counts of defrauding Theranos investors. She is seeking to have her conviction and 11-year prison sentence overturned, which would trigger a new trial.

Lawyers for Holmes, 40, said in a December 2022 court filing that the criminal case tried at U.S. District Court in San Jose that resulted in guilty verdicts was “teeming with issues for appeal.”

Among those issues, her legal team claimed, were purported errors by Judge Edward Davila, who oversaw her case and trial. Holmes alleged that Davila improperly allowed the jury to hear about regulatory action against Theranos and about her company’s voiding of all test results from its problem-plagued “Edison” machines. Those events came after any “relevant” statements Holmes made to investors, and the jury should not have been allowed to hear about them, Holmes’ lawyers argued.

[..]

Updates from the prisons bureau show she has shaved about two years off her sentence and is scheduled to be freed in August 2032. Federal inmates can cut 54 days off their prison terms for each year of their sentences if they meet conduct standards and may cut additional sentence time by completing recidivism-reduction and “productive activities” programs, according to the bureau.

Holmes will not appear at the hearing in person or via video, as only attorneys are typically present before the three-judge panel that hears oral arguments in federal court appeals, and the court does not arrange for incarcerated people to appear, a court spokesman said Tuesday.

Federal criminal appeals succeed at very low rates, according to the federal courts system. If Holmes loses, she could appeal to the U.S. Supreme Court, but its justices only hear about 100 to 150 appeals per year of the more than 7,000 it is typically asked to review, according to the courts system.
 
Tuesday, June 11th:
*Oral Argument Hearing (Re Appeal) (@ 9am PT) - CA – *Elizabeth A. Holmes (34/now 40) (CEO of Theranos) charged (March, 2018) & indicted (6/14/18) & arraigned (6/15/18) with 9 counts of wire fraud & 2 counts of conspiracy to commit wire fraud & charged & indicted (4/11/20) with fraud relating to a patient's blood test. Another count of wire fraud was added in 2020, bringing the total number of felony charges to 12. Plead not guilty. $500K unsecured bond. Out on bond. Faces a maximum sentence of 20 years in prison & up to $2.75 million in fines, plus restitution & $250K for each individual count of wire fraud & conspiracy. Holmes released on $500K bond secured by property.
Defrauding investors out of $700 million in funding for their blood-testing startup Theranos.
Trial began on 8/31-9/1/21 with jury selection. Trial ended 1/3/23. Jury began deliberations on 12/17/22 thru 1/3/23: Total: ~51 hours. Verdict on 1/3/22: Count 1 - conspiracy to defraud investors
GUILTY, Count 2 - conspiracy to defraud patients NOT GUILTY, Count 3 - wire fraud Alan Eisenman $99k NO VERDICT, Count 4 - wire fraud Black Diamond Chris Lucas $5.3M NO VERDICT, Count 5 - wire fraud Hall Group Bryan Tolbert $4.9M NO VERDICT, Count 6 - wire fraud Brian Grossman $38M GUILTY, Count 7 - wire fraud DeVos family $100M GUILTY, Count 8 - wire fraud former Cravath attorney Dan Mosley $6M GUILTY, Count 9 - wire fraud count for the patient Erin Tompkins who received bogus HIV results NOT GUILTY, Count 10 - wire fraud patient Mehrl K. Ellsworth who received bogus prostate cancer tests NOT GUILTY & Count 11 - wire fraud $1.1M ads that Theranos paid in the Arizona market NOT GUILTY. Government will dismiss counts 3, 4 & 5. Sentencing hearing on 11/23/22: Judge Edward Davila denied all 3 of Holmes’ motions requesting new trial. Judge Ed Davila sentenced Elizabeth Holmes to 11 years & 3 months (135 months) in prison plus 3 years of supervised release. The judge set a surrender date on 5/30/23. Projected release date 8/16/32.
Judge Edward Davila recommended Holmes be sent to the minimum-security women's federal prison, Camp Bryan, about 100 miles north of Houston, to serve at the Federal Prison Camp in Bryan, Texas (a shared dormitory in Camp Bryan). On appeal again (4/27/23).
Appeal denied (5/16/23).
Theranos, has been banned from participating in federal health programs for 90 years, effectively a lifetime ban.

Indictment & court info from 4/11/20 thru 5/11/24 reference post #169 here:
https://www.websleuths.com/forums/t...anos-wire-fraud-thread-guilty-3.680273/page-9

6/4/24 Update: Holmes’ appeal is set to be heard Tuesday, 6/11/24 in San Francisco federal court before Circuit Judges Schroeder, Nguyen & R. Nelson. Holmes’ legal team & the prosecution are set to argue the case at 9am in the U.S. Court of Appeals for the Ninth Circuit. She launched her appeal in late 2022, 11 months after a jury convicted her on four felony counts of defrauding Theranos investors. She is seeking to have her conviction & 11-year prison sentence overturned, which would trigger a new trial. Lawyers for Holmes said in a December 2022 court filing that the criminal case tried at U.S. District Court in San Jose that resulted in guilty verdicts was “teeming with issues for appeal.” Among those issues, her legal team claimed, were purported errors by Judge Edward Davila, who oversaw her case & trial. Holmes alleged that Davila improperly allowed the jury to hear about regulatory action against Theranos & about her company’s voiding of all test results from its problem-plagued “Edison” machines. Those events came after any “relevant” statements Holmes made to investors, and the jury should not have been allowed to hear about them, Holmes’ lawyers argued. Holmes will not appear at the hearing in person or via video, as only attorneys are typically present before the three-judge panel that hears oral arguments in federal court appeals & the court does not arrange for incarcerated people to appear. Updates from the prisons bureau show she has shaved about two years off her sentence & is scheduled to be freed in August 16, 2032.
*Ramesh “Sunny” Balwani (53/now 58) (CFO & President of Theranos) – Trial ended on 7/7/22 with a guilty verdict on all 12 counts. Sentenced on 12/7/22 to 155 months (12 years & 11 months) to prison.
 
Wrong narcissist! :)
Well, in the end, Elizabeth Theranos and Rebecca Grossman are all the same. That can said with Sam Bankman-Fried, Bernie Madoff, Lori Drew, Jerry Sandusky, Jeffrey Epstein, Jimmy Savile, Casey Anthony, Jodi Arias, Elliot Rodger, Eric Harris, Nikolas Cruz, Salvador Ramos, Omar Mateen, Stephen Paddock, Anders Breivik, Jim Jones, and Osama bin Laden. They are all extreme narcissists and Machiavellian. They have a dark triad.
 

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