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2023-04-11 -Lurid Crime Tales-
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Convicted Theranos fraudster Elizabeth Holmes must begin prison stint during appeal
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[NY Post] Good. She got knocked up to try and play the sympathy card. "Don't jail me! I'm a new Mom!"
Convicted Theranos fraudster Elizabeth Holmes must begin serving her 11-year prison term as scheduled later this month after a federal judge rejected her bid to remain free while she appeals.
US District Judge Edward Davila determined that even if Holmes won her appeal challenging the admission of evidence regarding the accuracy of Theranos’ blood-testing machines, it was unlikely to result in a complete reversal or new trial in her case.
“Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’ misrepresentations to Theranos investors involved more than just whether Theranos technology ‘work[ed] as promised.’” Davila wrote.
Davila’s ruling capped a lengthy dispute between the feds and Holmes’ legal team, which had argued she should remain free because her appeal would raise “substantial issues” about her conviction that could result in a new trial.
Last year, Holmes was sentenced to more than 11 years in prison for lying to Theranos’ investors about the efficacy of her once-booming startup’s blood-testing technology and finances. The mother of two is slated to report to prison on April 27.
In his ruling, Davila also weighed in on a bombshell allegation from prosecutors alleging that Holmes was a flight risk because she and her partner, William Evans, had booked a one-way trip to Mexico weeks before the jury reached a verdict in her case.
As The Post reported, Holmes’ lawyers had cited the recent birth of her second child as evidence that she was not a flight risk. Holmes had been visibly pregnant during a failed earlier bid to throw out her conviction last year.
Holmes’ stunning fall from grace occurred after reports revealed that Theranos’ machines could not perform many of the functions that she claimed. At one point, the medical tech startup drew a whopping $9 billion valuation. 
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Posted by Frank G 2023-04-11 12:56||
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File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats
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Posted by DooDahMan 2023-04-11 22:22||
2023-04-11 22:22||
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