Apparently, Elizabeth Holmes hoped to make a break for it earlier than heading to jail!
In case you didn’t know, the 38-year-old was convicted on January 3, 2022, for defrauding traders out of hundreds of thousands via her healthcare start-up Theranos. She falsely purported that its revolutionary know-how might run tons of of medical checks with simply a few drops of blood. Issues later got here to a head for Holmes when the Wall Avenue Journal reported in 2015 that the machines she was promoting, referred to as The Edison, by no means actually labored. As a substitute of utilizing their supposed machines, the corporate really used exterior know-how and different trickery as a way to pretend optimistic take a look at outcomes. On account of the expose, federal legislation enforcement started to analyze Holmes and later indicted her in 2018. You recognize, it’s the true crime case Amanda Seyfried’s The Dropout is about!
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Whereas on trial, her attorneys tried to persuade jurors that she didn’t know something and by no means meant to defraud her traders. The disgraced founder even testified that her judgment was off as a result of she was in the midst of an abusive relationship with former Theranos government Ramesh “Sunny” Balwani. Her lawyer, Kevin Downey, additionally mentioned Holmes by no means cashed out inventory even when the corporate began to harm financially.
Nevertheless, the jury wasn’t shopping for it. They later discovered her responsible of three counts of wire fraud and one rely of conspiracy to commit wire fraud. This previous November, Holmes was sentenced to greater than 11 years in jail. Whereas she has since appealed the conviction and can begin her sentence on April 27, prosecutors are demanding that she not be allowed to stay free on bail. Why is that? Nicely, they consider Holmes is a flight threat now as she apparently made “an try to flee the nation” final 12 months!
In accordance with a court docket submitting on Thursday, the federal government discovered that weeks after her conviction, Holmes had bought a ticket to fly to Mexico on January 26, 2022 – with no return flight scheduled. Prosecutors claimed within the submitting, Folks reported:
“The federal government turned conscious on January 23, 2022, that Defendant Holmes booked a global flight to Mexico departing on January 26, 2022, with out a scheduled return journey.”
When one of many prosecutors reached out to Holmes’ attorneys Lance Wade, he claimed in an e mail that she booked the flight for a detailed pal’s wedding ceremony earlier than the jury’s verdict and hoped to make the journey if she was discovered not responsible:
“The hope was that the decision can be completely different and Ms. Holmes would be capable of make this journey to attend the marriage of shut pals in Mexico.”
He then alleged that Holmes forgot to cancel the reservation “amidst all the pieces that has been happening” however swore to have her do it. Nevertheless, prosecutors didn’t consider the story and felt she was attempting to flee the nation. The movement reportedly argued:
“Solely after the federal government raised this unauthorized flight with protection counsel was the journey canceled.”
Per Folks, prosecutors mentioned they plan on Holmes responding “that she didn’t in actual fact go away the nation as scheduled” however they discover “it’s troublesome to know with certainty” if she would have escaped with out anybody stepping in. They added that “the inducement to flee has by no means been greater” and Holmes “has the means to behave on that incentive.”
Moreover, the submitting famous that her husband, Billy Evans, did go away the nation on the January 26 flight to Mexico and returned six weeks later, flying again from Cape City, South Africa. Including to their argument, prosecutors really feel Holmes “continues to indicate no regret to her victims” – particularly those that misplaced hundreds of thousands in investments in Theranos.
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[Image via CNBC/YouTube]