hollydolly
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( like so many women she got pregant while waiting sentencing , obviously hoping to avoid prison)
Disgraced Theranos CEO Elizabeth Holmes has been sentenced to 11 years in prison by a federal judge for defrauding investors out of millions.
Pregnant Holmes, 38, sobbed as she was sentenced by US federal judge Edward Davila, telling the court that she 'tried to change the world.'
Davila ordered her to 11.25 years in prison, plus three years of supervised release, with Holmes ordered to surrender on April 27.
Her lawyers are expected to ask the judge to allow her to remain free on bail during her appeal, which she has 14 days to file. Holmes became pregnant again after her January conviction.
During the hearing, Holmes cried as she said she was 'devastated' by her failures and would have done many things differently if she had the chance.
'I have felt deep shame for what people went through because I failed them,' she said.
Sentencing Holmes, Davila said: 'This case is so troubling on so many levels. There's no question that Ms. Holmes is bright.
'Was there a loss of a moral compass here? The tragedy of this case is Ms. Holmes is brilliant.
'Failure is normal. But failure by fraud is not OK. What is the pathology of fraud? Is it the inability to accept responsibility? Perhaps that the cautionary tale to come from this case.'
Davila ruled that the reasonable total loss from 10 investors, including Rupert Murdoch and Betsy Devos, totals $121million. A restitution will take place in the future.
He added that Holmes has not accepted responsibility for her actions, telling the court: 'She maintains that she did nothing wrong'.
Alex Shultz, the son of George Shultz and father of Tyler Shultz, told the court that Tyler 'slept with a knife under his pillow' out of fear someone was going to 'kill him' because he stood up to Elizabeth.
He said: 'They took advantage of my dad. He never wanted to be irrelevant. Elizabeth recognized that and targeted him.
'Elizabeth hired a private investigator to follow my son. My Son slept with a knife under his pillow thinking someone was going to come and murder him in the middle of the night.
https://www.dailymail.co.uk/news/ar...-Holmes-faces-sentencing-Theranos-crimes.html
Disgraced Theranos CEO Elizabeth Holmes has been sentenced to 11 years in prison by a federal judge for defrauding investors out of millions.
Pregnant Holmes, 38, sobbed as she was sentenced by US federal judge Edward Davila, telling the court that she 'tried to change the world.'
Davila ordered her to 11.25 years in prison, plus three years of supervised release, with Holmes ordered to surrender on April 27.
Her lawyers are expected to ask the judge to allow her to remain free on bail during her appeal, which she has 14 days to file. Holmes became pregnant again after her January conviction.
During the hearing, Holmes cried as she said she was 'devastated' by her failures and would have done many things differently if she had the chance.
'I have felt deep shame for what people went through because I failed them,' she said.
Sentencing Holmes, Davila said: 'This case is so troubling on so many levels. There's no question that Ms. Holmes is bright.
'Was there a loss of a moral compass here? The tragedy of this case is Ms. Holmes is brilliant.
'Failure is normal. But failure by fraud is not OK. What is the pathology of fraud? Is it the inability to accept responsibility? Perhaps that the cautionary tale to come from this case.'
Davila ruled that the reasonable total loss from 10 investors, including Rupert Murdoch and Betsy Devos, totals $121million. A restitution will take place in the future.
He added that Holmes has not accepted responsibility for her actions, telling the court: 'She maintains that she did nothing wrong'.
Alex Shultz, the son of George Shultz and father of Tyler Shultz, told the court that Tyler 'slept with a knife under his pillow' out of fear someone was going to 'kill him' because he stood up to Elizabeth.
He said: 'They took advantage of my dad. He never wanted to be irrelevant. Elizabeth recognized that and targeted him.
'Elizabeth hired a private investigator to follow my son. My Son slept with a knife under his pillow thinking someone was going to come and murder him in the middle of the night.
https://www.dailymail.co.uk/news/ar...-Holmes-faces-sentencing-Theranos-crimes.html
