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Elizabeth Holmes is going to prison – with a $500M bill

theregister.com

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Re: Elizabeth Holmes is going to prison – with a $500M bill

#71

Post by lelanthran »

todd3834 wrote: post #30

10 years used to feel like a really long time to me. Now that I have two young kids the idea of missing out on 10 years of their life growing up is in the impossible to handle part of my brain. I feel bad for everyone effected and yes even her.

> . I feel bad for everyone effected and yes even her.

While I do feel bad about the kids, I also know that society has normalised taking children away from one parent, often with little to no recourse.

So while I feel bad for the kids, it's no worse than what society has done to million of children, and do to thousands per day, even as I type out this message.

At least her kids will have advantages the other kids don't get.

Re: Elizabeth Holmes is going to prison – with a $500M bill

#73

Post by ak_111 »

DrFunke wrote: post #52
todd3834 wrote: post #30

10 years used to feel like a really long time to me. Now that I have two young kids the idea of missing out on 10 years of their life growing up is in the impossible to handle part of my brain. I feel bad for everyone effected and yes even her.

Don't worry. She will absolutely not serve 10 years.

What is the minimum she must serve?

Re: Elizabeth Holmes is going to prison – with a $500M bill

#75

Post by WalterBright »

atoav wrote: post #41
xrayarx wrote: post #32

It is not a real prison. She will probably go to Bryan Minimum Security [1][2]. No fences. Dormitories. Visitations. Gym, etc. The fine is large, but symbolic. From the article, chance of full recovery is very low. No mention, if this would be converted to house arrest at some point. [1] https://en.wikipedia.org/wiki/Federal_Prison_Camp,_Bryan [2] https://en.wikipedia.org/wiki/Elizabeth_Holmes

Where I live the goal of prison is rehabilitation, not the ever greater fulfilment of a christianity-induced punishment fetish (and there are studies that support that the former is more effective at returning you functioning, tax-paying members of society once the sentence is over). So while I agree that in the US white colar criminals tend to suspiciously often get the lighter punishment and that this fact is a gla…

Why shouldn't nonviolent offenders go to a minimum security prison?

Re: Elizabeth Holmes is going to prison – with a $500M bill

#76

Post by dataengineer56 »

mathieuh wrote: post #50
todd3834 wrote: post #30

10 years used to feel like a really long time to me. Now that I have two young kids the idea of missing out on 10 years of their life growing up is in the impossible to handle part of my brain. I feel bad for everyone effected and yes even her.

I haven't followed this closely but frankly I feel similarly. I think only people who are violent and dangerous to other people should be locked up, and even then only until they are no longer dangerous. If things can be organised so she is no longer capable of defrauding people (banned from holding certain positions in companies etc.) I don't see why she should be locked up. I'm sure I would feel differently if I ha…

She is dangerous to other people. Let's not forget that this was medical fraud - people's lives were affected due to bad diagnoses.

Re: Elizabeth Holmes is going to prison – with a $500M bill

#77

Post by no_time »

fastball wrote: post #37
djur wrote: post #24

Earlier quoted context omitted.

As opposed to mail fraud -- basically any kind of fraud committed via electronic communication. At the time they would have been thinking of telegrams and phones, but the statute covers fraudulent materials "transmitted by means of wire, radio, or television communication", so that covers the Internet as well.

If you commit all your fraud via Starlink, could you make the argument that you didn't do it over wire?

The court will argue that even your so-called wireless device has wires inside it.

Re: Elizabeth Holmes is going to prison – with a $500M bill

#78

Post by disillusioned »

ak_111 wrote: post #73
DrFunke wrote: post #52

Earlier quoted context omitted.

Don't worry. She will absolutely not serve 10 years.

What is the minimum she must serve?

OP is absolutely wrong about this. Federal law requires that you serve 85% of your sentence before becoming eligible for parole or early release. She'll serve at minimum 9.5 years, (so, technically correct, but not what OP likely meant) unless she's pardoned or the sentence is overturned on a further appeal.

Re: Elizabeth Holmes is going to prison – with a $500M bill

#79

Post by kevin_thibedeau »

Nursie wrote: post #4

Good! It’s amazing to me just how long wealthy people in the US can string this stuff out and jump on every last technicality for months on end. I know she wasn’t convicted of the harm she did (and would have continued to do) to the public, but she clearly is a danger and has learned nothing. Needs to be in jail.

She's already demonstrated she is a flight risk dumb enough to buy a one way ticket.

Re: Elizabeth Holmes is going to prison – with a $500M bill

#80

Post by pests »

batmaniam wrote: post #59
petesergeant wrote: post #48

Earlier quoted context omitted.

> Can anyone find an article that states actual people being victims? Here's one: https://www.cnbc.com/2021/09/21/theranos-test-gave-false-mis... My understanding is that there were a few at the trial

Yes, they used these employees statements to establish wrongdoings that Theranos committed... for the sole purpose of proving that the investors were defrauded. Not for people who had incorrect results, who then had to make hard life decisions based on it, not to mention the emotional trauma that this can inflict. By "victims", I meant it in the context of the restitution. None of that half billion dollars that she o…

I understand your questioning of the situation but I think its pretty clear. She was not convicted of anything related to patients or their results so of course they are not her victims.
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