Thread: Theranos fraudster Elizabeth Holmes jailed for over 11 years

I think she deserves every day of her sentence.

However the appeal will go in, and no doubt be reduced to not much more than a slap on the wrist.

Originally Posted by Iceman123

I think she deserves every day of her sentence.

However the appeal will go in, and no doubt be reduced to not much more than a slap on the wrist.

Why would that be, then?

It's around the middle of the sentencing range.

What a mean trick to rob the sick with false hope in the vein of the pink medicine hucksters.

I notice here people always get about 4 bags of drugs for any minor element, I assume the Drs have an incentive?

I think the penalty for medical abuse should such convicts be used for testing new drugs indefinitely

Originally Posted by harrybarracuda

Why would that be, then?

It's around the middle of the sentencing range.

It's the US

This link may help you.

Sentencing Elizabeth Holmes to 11-plus years for Theranos fraud was way too much

Originally Posted by Iceman123

It's the US

This link may help you.

Sentencing Elizabeth Holmes to 11-plus years for Theranos fraud was way too much

It's only an opinion piece and it effectively states that she got 135 months out of a possible 960.

I can't see them fiddling with it much myself.

Perhaps if she'd admitted her crimes she might have got a lower sentence.

^
I think 80 years would have been well over the top, 11 years is deserved for the magnitude of her crime, however the US justice system allows her every chance of this sentence being reduced, and yes this is just my opinion.

I've looked for a precedent in a similar case where a sentence got drastically cut on appeal, but I can't find one. Can you?

I mean Madoff got 150 years, so she got off lightly.

For whatever reason, she couldn't keep her fraud company going. And the fraud wasn't quite too big to fail yet. Unlike some of Elon Musks frauds. There are so many blatantly fraudulent companies out there that it almost feels like an injustice for one of them to get shut down.



Here are some of her investors

Just a moment...

Having invested $150 million, the Walton family heirs of the Walmart founder have the dubious honor of being the biggest investor in Theranos, The Wall Street Journal reports. The family is one of four investors to put more than $100 million into the company.


Betsy DeVos, President Trump’s education secretary, and her family invested $100 million, as did the Cox family that made its money building a media empire based out of Atlanta. Greg McNeilly, COO of DeVos’ family holding company, told the WSJ it would be an understatement “to say they’re highly disappointed in Theranos as a company and an investment.”


The other member of Theranos’ $100 million club—and the only individual in it—is Rupert Murdoch. The media mogul invested $125 million in Theranos in 2015 but has since gotten out of the company


Mexican telecoms tycoon Carlos Slim will be down $30 million if Theranos fails to return any money to its investors. And an heir to a Greek shipping fortune and the former owners of the De Beers diamond company are in for $25 million and $20 million, respectively.

Fuck off skidmark.

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

December 8, 2022

A U.S. judge on Wednesday sentenced former Theranos Inc President Ramesh "Sunny" Balwani to 12 years and 11 months in prison on charges of defrauding investors and patients of the blood testing startup led by Elizabeth Holmes, a spokesperson for the U.S. attorney's office confirmed.