Скачать или смотреть Elizabeth Holmes to start prison term May 30

(17 May 2023)

FOR CLEAN VERSION SEE STORY NUMBER: 4437305

RESTRICTION SUMMARY:
ASSOCIATED PRESS
San Francisco – 2 November 2015
1. STILL Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum
HEADLINE: Elizabeth Holmes to start prison term May 30
ASSOCIATED PRESS
ARCHIVE: San Jose, California - 17 March 2023
2. Various of Theranos founder and CEO Elizabeth Holmes, center, walking into federal court
ANNOTATION: A federal judge is allowing disgraced Theranos CEO Elizabeth Holmes to surrender for her prison term on May 30, after the Memorial Day weekend.
ANNOTATION: Holmes was sentenced to more than 11 years in prison for defrauding investors in a blood-testing scam.
ANNOTATION: A federal appeals court rejected her bid to remain out of prison while appealing her conviction.
ANNOTATION: Holmes asked for the delay to sort out several issues, including child care for her 1-year-old son and 3-month-old daughter.
ANNOTATION: Holmes' promise to revolutionize healthcare with a technology that could scan for hundreds of diseases helped her raise nearly $1 billion.
ANNOTATION: Her downfall has been the subject of a book, documentary and a mini-series.

STORYLINE:
Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam.

U.S. District Judge Edward Davila set Holmes' revised prison-reporting date after her lawyers proposed it in a Wednesday filing. It came after a federal appeals court late Tuesday rejected Holmes' bid to remain out of prison while she attempts to overturn her January 2022 conviction on four felony counts of fraud and conspiracy.

The punishment also includes a $452 million restitution bill that Davila ordered Holmes to pay in a separate ruling issued late Tuesday.

Holmes' lawyers asked Davila to approve the May 30 prison reporting time to her two weeks to sort out several issues, including child care for her 1-year-old son William and 3-month-old daughter Invicta. Holmes had originally been ordered to begin her prison sentence on April 27, but won a reprieve with a last-minute legal maneuver that gave her more time with her children.

Holmes, 39, became pregnant with William shortly before the start of her high-profile trial in September 2021 and became pregnant with Invicta shortly after she was convicted of crimes that could have resulted in a prison sentence of up to 20 years.

The father of both children is William “Billy” Evans, whom she met after breaking up with her former romantic and business partner, Ramesh “Sunny,” Balwani, who began serving a nearly 13-year prison sentence last month in Southern California. Balwani, 57, was convicted for 12 felony counts of fraud and conspiracy committed while he was Theranos' chief operating officer and living with Holmes.

In Wednesday’s filing, Holmes' lawyers didn't disclose the location of the prison that she has been assigned to serve her sentence. But they noted she has to prepare to travel outside of California, where she has been living in the San Diego area while free on bail. Davila has recommended that Holmes be imprisoned in Bryan, Texas.

When Holmes is finally incarcerated, it will bring down the curtain on a saga that cast a bright light on a dark chapter in Silicon Valley that brought her fame and fortune before her scandalous downfall.



===========================================================


Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter:   / ap_archive  
Facebook:   / aparchives   ​​
Instagram:   / apnews  


You can license this story through AP Archive: http://www.aparchive.com/metadata/you...