61–70 of 533 posts
The indictment shows "No bail, arrest warrants issued" [0]. She'll be sitting in a prison cell by tomorrow morning. Wow. [0] https://www.justice.gov/file/1072521/download
Being familiar with the process, it looks like they're out on supervised release. Non-custody. No point in putting a warrant out for someone when they're at the courthouse to be arraigned.
:)
"The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud." WHY DO THIS. Each count of wire fraud is 20 years in prison [1]. If 9 counts are proven you are looking at a 180 years in prison. (life sentence). You are better off doing 2nd degree murder 3 times - at least it is a challenge to prove. Proving wire fraud sounds pretty simple - they just read a bunch of emai…
First, 20 years is the maximum guideline sentence available for wire fraud. The Federal Sentencing Guidelines has a points-like system (with points added for various attributes of the crime, like whether the accused took steps to conceal their crime, or crossed some dollar threshold) that heavily counts the prior criminal history of the accused. This is an egregious wire fraud case, but it's still a little unlikely that any one count will see the maximum sentence applied.
More importantly, the norm in federal sentencing is for similar charges to group, and for the longest of those counts to set the sentence. It is not the norm to serve (here) each of the "nine counts" consecutively.
Google [whale sushi sentence] for more details.
Does anybody know if Theranos got started with at least an idea how to accomplish what they wanted to do? From what I have heard in interviews they started with the thought "Doing xxx would be super useful" but didn't have an approach for accomplishing this but instead took in money and tried to figure it out. It's like me saying "An antimatter drive would revolutionize space exploration" and starting to collect mone…
I have been in this exact place before. For the two of them, this day will be just about the worst of their lives. This is ordinarily when hard-core criminals are taken into custody. If their experience was like mine, they had to show up in front of a magistrate with their lawyers, plead not guilty, then go to a dungeon for about 30 minutes while they get handcuffed, fingerprinted, mugshotted, and DNA-swabbed. Then,…
It rings true to me that, in general, the average person would have much more compassion for 'bad' people in 'bad' situations if they could live a day in their shoes.
I have been in this exact place before. For the two of them, this day will be just about the worst of their lives. This is ordinarily when hard-core criminals are taken into custody. If their experience was like mine, they had to show up in front of a magistrate with their lawyers, plead not guilty, then go to a dungeon for about 30 minutes while they get handcuffed, fingerprinted, mugshotted, and DNA-swabbed. Then,…
I have been in this exact place before. For the two of them, this day will be just about the worst of their lives. This is ordinarily when hard-core criminals are taken into custody. If their experience was like mine, they had to show up in front of a magistrate with their lawyers, plead not guilty, then go to a dungeon for about 30 minutes while they get handcuffed, fingerprinted, mugshotted, and DNA-swabbed. Then,…
Re: "putting my worst enemy through", I don't know, this doesn't sound as bad as growing up in a war zone or even the ghetto, or getting waterboarded. Sounds like bureaucratic hell, but that's not even close to how bad things can get.
Does anybody know if Theranos got started with at least an idea how to accomplish what they wanted to do? From what I have heard in interviews they started with the thought "Doing xxx would be super useful" but didn't have an approach for accomplishing this but instead took in money and tried to figure it out. It's like me saying "An antimatter drive would revolutionize space exploration" and starting to collect mone…
So the original genesis of Theranos probably wasn't fraudulent, but when things didn't work out and they started faking it instead, that was outright fraud.
I have been in this exact place before. For the two of them, this day will be just about the worst of their lives. This is ordinarily when hard-core criminals are taken into custody. If their experience was like mine, they had to show up in front of a magistrate with their lawyers, plead not guilty, then go to a dungeon for about 30 minutes while they get handcuffed, fingerprinted, mugshotted, and DNA-swabbed. Then,…
It's basically like being free, but you have to stay out of trouble and report all contacts with law enforcement.
There's a small chance they'll have to go this route anyway, since the government can snatch the money
They're not going to have to serve consecutive 20-year terms for what they're accused of
Holmes will be offered, I'm guessing, about 6-9 months and a joint-and-several "money judgment" (restitution + forfeiture). Balwani, about 5 years and a joint-and-several "money judgment".
Take it from me: I wouldn't put my worst enemy through even just the trial.
Quite an interesting contrast between what privileged rich people have to worry about vs poor. Nearly every one of those points are solely because you have money, not merit-based. I guess this is when the world proves what really matters.