Disgraced Theranos CEO Elizabeth Holmes has made what might be her final court appearance before beginning an 11-year prison sentence.
gave birth to her second child,One of her lawyers, Amy Saharia, argued that Holmes should be allowed to remain free because of various missteps in the presentation and omission of evidence during her four-month trial that make it likely an appeals court will overturn her conviction on four counts of fraud and conspiracy.
Federal prosecutor Kelly Volkar countered there is “no likelihood for reversal" of Holmes' conviction and asserted that the trial documented seven different categories of deception that she engaged in while running Theranos. Most of the deceit centered on a device dubbed “Edison” that Holmes had boasted would be able to scan for hundreds of diseases and other health problems with just a few drops of blood taken with a finger prick.
Federal prosecutor Robert Leach argued her conviction for engineering a conspiracy justified restitution of nearly $900 million to repay Theranos investors swept up in her lies. “Just to apply common sense, the money these investors lost is the money they put in,” Leach said.
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Judge to decide in April whether to delay prison for Theranos founder Elizabeth HolmesElizabeth Holmes was sentenced to 11 years in prison for defrauding investors out of more than $100 million. Now, she has asked a judge to remain free on bail until her appeal is heard.
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Elizabeth Holmes owes over $25 million to Theranos, lawsuit saysAccording to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.
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Elizabeth Holmes returns to court in bid to avoid prisonDisgraced Theranos CEO Elizabeth Holmes has made what might be her final court appearance before beginning a 11-year prison sentence.
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Elizabeth Holmes back in court seeking to stay out of prisonDisgraced Theranos founder Elizabeth Holmes appeared in federal court Friday as she seeks to remain out of prison while she appeals her fraud and conspiracy convictions.
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Elizabeth Holmes Back in Court, Fights to Remain Free Amid AppealDisgraced Theranos founder Elizabeth Holmes is in court Friday fighting to remain free as her appeal makes its way through the courts, and her legal team is arguing she shouldn’t have to pay restitution.
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Elizabeth Holmes returns to court in bid to avoid prisonSAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax.
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