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Elizabeth Holmes loses bid to stay out of prison

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Re: Elizabeth Holmes loses bid to stay out of prison

#11
post #6

If you steal more than $5K three times in California, you will get 25 years in prison [1], and while I think that's disgusting and detestable, I don't want any elites getting special treatment either, so as to force change in those sentencing guidelines. [1] https://www.kannlawoffice.com/grand-theft.html

Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.

[deleted]

Re: Elizabeth Holmes loses bid to stay out of prison

#12
post #6

Earlier quoted context omitted.

Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.

She only got caught once, but as an ongoing thing I think it's safe to say that she stole more than once.

[deleted]

Re: Elizabeth Holmes loses bid to stay out of prison

#13
post #6

Earlier quoted context omitted.

Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.

Can't tell if serious. Can you see how the second might be seen as worse than the first? Literally perverse incentives. "Go big or go home" and no worries! Couple years in Federal summer camp and you go back to your cushy upper class lifestyle as a consultant or startup advisor, or "executive coaching" for other future/wannabe scammers

[deleted]

Re: Elizabeth Holmes loses bid to stay out of prison

#14
post #6

If you steal more than $5K three times in California, you will get 25 years in prison [1], and while I think that's disgusting and detestable, I don't want any elites getting special treatment either, so as to force change in those sentencing guidelines. [1] https://www.kannlawoffice.com/grand-theft.html

Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.

Wouldnt every individual investment count as an individual instance of theft?

Re: Elizabeth Holmes loses bid to stay out of prison

#16

Earlier quoted context omitted.

It's pretty disgusting how little jail time she's receiving for the scope of her crimes.

11 years is quite a long time and seems suitable for scamming some idiots out of their money. IMO the reason it seems low is that people get such unreasonably long sentences for doing far less.

> suitable for scamming some idiots out of their money.

Agreed. Of course she deserves more prison time for scamming the patients, but she wasn't convicted for that.

Re: Elizabeth Holmes loses bid to stay out of prison

#17
A perverse culture of presumed lawlessness has migrated from Wall Street to Silicon Valley. You see it, here, when top-voted comments scoff at the notion of a perpetrator getting jail time. Hopefully, these sentences result in people being less cavalier about criminality. (Andreessen pivoting back to pumping web3 tempers my hope.)

Re: Elizabeth Holmes loses bid to stay out of prison

#19
post #6

Earlier quoted context omitted.

Right, but Holmes didn't steal $5k more than three times. She stole millions of dollars but only did it once. So your statute doesn't apply.

Can't tell if serious. Can you see how the second might be seen as worse than the first? Literally perverse incentives. "Go big or go home" and no worries! Couple years in Federal summer camp and you go back to your cushy upper class lifestyle as a consultant or startup advisor, or "executive coaching" for other future/wannabe scammers

To me it seems to be clearly pointing out the injustice of the "three strikes" law.
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