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Holmes to face maximum of 80 years in prison when she’s sentenced in September:
While she is likely to receive prison time for defrauding investors, she will be able to spend the next eight and a half months out on bail. She faces a maximum sentence of 20 years in prison for each of the four counts she was convicted of, though it’s unlikely that she’ll be sentenced to all 80 years.
Holmes has been out on bail since June 2018, when she and alleged co-conspirator Ramesh “Sunny” Balwani were charged. Both were released after posting $500,000 bonds and surrendering their passports. Now that Holmes has been convicted and is awaiting sentencing, her bond will have to be secured by property. Their trials have been repeatedly pushed back, first because of the COVID pandemic and then later because Holmes gave birth.
Part of the reason Holmes’ sentencing has been postponed is because the government still has to prosecute its case against Balwani.
Previously:
2022/01/04 - Elizabeth Holmes Found Guilty on 4 of 11 Charges
2020/09/13 - Judge in Theranos Fraud Case Orders 14-Hour Psychological Test for Holmes
2019/07/01 - Theranos Founder Elizabeth Holmes to Face Trial Next Year on Fraud Charges
2018/09/06 - Theranos to Dissolve in a Pool of Blood
2018/06/17 - Elizabeth Holmes Steps Down as Theranos CEO as DoJ Levels Charges
2018/03/15 - Blood Unicorn Fairy Tale: Theranos Founder Charged With Fraud
2017/12/24 - Theranos Given Indirect Lifeline From Softbank
2016/10/06 - Theranos Lays Off 340, Closes Labs and "Wellness Centers"
2016/08/03 - Theranos Introduces New Product to Distract from Scandal
(Score: 3, Interesting) by looorg on Friday January 14 2022, @11:07PM (6 children)
Taking bets on that while on bail she'll do a runner to a non-extradition country? I would if I was facing 80 years.
(Score: 4, Insightful) by vux984 on Saturday January 15 2022, @12:43AM (5 children)
That's maximum sentence possible... aka click bait. I'd be pretty surprised if she gets more than 15, and likely will be up for parole within 5.
(Score: 0) by Anonymous Coward on Saturday January 15 2022, @01:28AM
If she gets too much, it will be clear grounds for appeal, probably 5-8 years, but she'll walk in about 3 on good "behavior".
(Score: 0) by Anonymous Coward on Saturday January 15 2022, @02:11PM (1 child)
Even after 5 years she'll be past her prime. She'll already looking a bit worse for wear.
(Score: 0) by Anonymous Coward on Sunday January 16 2022, @11:02AM
And you'll still be hand cranking your purple-headed yogurt pistol to a picture of her for the rest of your pathetic, sad life wondering how humans actually meet eachother to have sex.
(Score: 0) by Anonymous Coward on Saturday January 15 2022, @03:00PM
If she recently gave birth, I'll be surprised if she gets more than one year, or any at all.
(Score: 4, Interesting) by Beryllium Sphere (r) on Saturday January 15 2022, @07:08PM
No parole in federal.
But you're right that "up to" is a red flag in a headline. A former US attorney at the Popehat blog who made a living knowing the sentencing guidelines thinks 20 years is plausible. With good behavior, 15% off.