Attorneys said that Elizabeth Holmes, former CEO of Theranos, attempted to leave the country following her conviction on several charges in 2013.
In January 2022, the four-count charge of wire fraud were imposed on Holmes. She was sentenced in November to eleven years imprisonment. In a court filing, federal prosecutors responded to Holmes’ request for release in lieu of appeal. “booked an international flight to Mexico”Jan 20, 2022. No return date was scheduled. Only after the counsel had been notified, could the order be cancelled.
“The government anticipates Defendant will note in reply that she did not in fact leave the country as scheduled,”The document was added. “but it is difficult to know with certainty what Defendant would have done had the government not intervened.”
According to the document, William “Billy”Evans, who married Holmes 2019 allegedly left the country “on the scheduled date with a one-way ticket and did not return until approximately six weeks later, returning from a different continent.”Holmes was a victim of the alleged plot. “continues to show no remorse to her victims”Currently, he is trying to “loosen the restrictions placed on her region of travel based upon vague references to her partner’s work commitments.”Evans, heir of a large hospitality fortune, was due to give her a shorter sentence.
“Defendant, however, cannot meet the stringent standard for release pending appeal mandated by Congress. There are not two systems of justice, one for the wealthy and one for the poor, there is one criminal justice system in this country. And under that system, the time has come for Elizabeth Holmes to answer for her crimes committed nearly a decade ago,”The document was continued.
Holmes deceived investors into believing that her company’s portable blood analyzer could conduct comprehensive medical tests with mere drops of blood. Her collapsed empire once secured a $9 billion valuation, and she was previously touted by Forbes as the world’s youngest self-made female billionaire.
Stanford University dropout, however, managed to draw in prominent business and political leaders who supported her firm. In 2016, she hosted a fundraising event for Hillary Clinton, a close friend of hers.
Due to production delays with Theranos machines, the company secretly used traditional blood test machines made by Siemens and other well-known firms in order to conduct tests for its partners. In the absence of a functioning device, Holmes still convinced board members, prospective investors, and journalists that her company’s product had been finished.
Ramesh “Sunny”Balwani was Holmes’ former romantic and business partner. She has now been sentenced for almost 13 years. Holmes tried to blame Balwani for abuse during her trial, even though text messages between the pair showed a meaningful relationship despite Balwani’s reputation for treating employees poorly.
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