Judge to decide in April whether to delay prison for Theranos founder Elizabeth Holmes

Canada News News

Judge to decide in April whether to delay prison for Theranos founder Elizabeth Holmes
Canada Latest News,Canada Headlines
  • 📰 NPR
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Elizabeth 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.

Typically, once a person has been convicted of a crime and sentenced to prison, they must pursue any appeals from prison. In order to be released on bail as an appeal is ongoing, a defendant has a high bar to clear.

In general, they must convince the court they are not a flight risk and that their appeal is serious — meaning that it will raise legitimate concerns with the previous trial that could substantially change the outcome.In court documents, Holmes' lawyers cited a variety of reasons why they said she was not a risk to flee.

Prosecutors replied that the court had already accommodated her motherhood by setting the"generous" April deadline to turn herself in — nearly six months after her sentencing in November — because she had become pregnant after the guilty verdict. "While facing these serious felony charges at trial and awaiting the Court's sentence, Defendant has lived on an estate with reportedly more than $13,000 in monthly expenses for upkeep and has conceived two children with her current partner," prosecutors wrote.And they pointed to a one-way plane ticket to Mexico booked by Holmes last year that was set to depart days after a jury found her guilty.

In response, Holmes' lawyers explained that her partner had booked that ticket —"before the verdict and full of hope" that she would not be found guilty — in order to attend the wedding of close friends. The ticket was canceled after government lawyers objected, they said, adding that"Ms. Holmes has never attempted to flee."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NPR /  🏆 96. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crude oil prices to push above $100/bbl in the second half of the year – ANZCrude oil prices to push above $100/bbl in the second half of the year – ANZCrude prices have plunged this week as risk aversion escalates amid the widening banking crisis. However, strategists at ANZ Bank expect the sell-off
Read more »

A $100 Billion Bet on Semiconductors Hinges on Remaking Upstate New York’s WorkforceA $100 Billion Bet on Semiconductors Hinges on Remaking Upstate New York’s WorkforceA shortage of skilled workers around places such as Syracuse, N.Y., is posing a challenge for the Biden administration’s plan to spur chip manufacturing in the U.S.
Read more »

The Saucony Axon 3 Provides a Cushioned Ride and Keeps Your Wallet ThickThe Saucony Axon 3 Provides a Cushioned Ride and Keeps Your Wallet ThickThis $100 pair has the plush responsiveness of a more expensive daily trainer.
Read more »

The $100 billion bailoutThe $100 billion bailoutFollowing this weekend’s decision by the Treasury, Federal Reserve, and FDIC to invoke the systemic risk exception to backstop uninsured depositors at Silicon Valley Bank and Signature Bank, President Joe Biden emphasized that “no losses will be borne by the taxpayer” in an effort to avoid…
Read more »

L.A.’s $100 Million Megamansions Are Getting Mega Price CutsL.A.’s $100 Million Megamansions Are Getting Mega Price Cuts“No buyer at this juncture wants to feel they’re paying 2021 or 2020 prices.” Price reductions for L.A.'s ultraluxury properties are ramping up amid a broader market slowdown.
Read more »

Rock Hall planning $100 expansion to turn property into 'holistic campus'Rock Hall planning $100 expansion to turn property into 'holistic campus'In the coming years, the Rock & Roll Hall of Fame will look quite a bit different than it does today, with a $100 million expansion in the works to create space for additional exhibits and concerts.
Read more »



Render Time: 2025-02-26 09:10:58