Theranos founder Elizabeth Holmes jailed for fraud
Discussion
98elise said:
tim0409 said:
Willhire89 said:
In some ways it is a really odd way of going about incarceration - knowing the date you must go in with then an eleven year stay ahead
This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
I’m always fascinated when people's lives lurch from one extreme to the other, and I just can’t imagine what it would be like to end up in jail after a life of wealth and privilege. This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
If I was in her shoes I think I would have left immediately for Nepal to spend the rest of my life as a goat.
t she defrauded all those investors (who's funds likely came from hard working peoples pensions) so fk her let her fight for her lifeGecko1978 said:
98elise said:
tim0409 said:
Willhire89 said:
In some ways it is a really odd way of going about incarceration - knowing the date you must go in with then an eleven year stay ahead
This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
I’m always fascinated when people's lives lurch from one extreme to the other, and I just can’t imagine what it would be like to end up in jail after a life of wealth and privilege. This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
If I was in her shoes I think I would have left immediately for Nepal to spend the rest of my life as a goat.
t she defrauded all those investors (who's funds likely came from hard working peoples pensions) so fk her let her fight for her lifeI don't think prisoners should expect violence as part of their punishment though (rich or poor). We're not barbarians.
Gecko1978 said:
98elise said:
tim0409 said:
Willhire89 said:
In some ways it is a really odd way of going about incarceration - knowing the date you must go in with then an eleven year stay ahead
This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
I’m always fascinated when people's lives lurch from one extreme to the other, and I just can’t imagine what it would be like to end up in jail after a life of wealth and privilege. This morning freshly squeezed orange juice with waffles on the terrace then tomorrow .........
If I was in her shoes I think I would have left immediately for Nepal to spend the rest of my life as a goat.
t she defrauded all those investors (who's funds likely came from hard working peoples pensions) so fk her let her fight for her lifeleef44 said:
Where she went wrong was stealing from the rich and famous, and the big financial institutes as opposed to the little man. So they had the financial clout to fight back. The compensation is only going to these and not the little man who is still left with nothing.
There won’t be any compensation; neither of them has any money. I’ve watched enough episodes of American Greed to know the US authorities generally don’t distinguish between rich and poor when it comes to prosecuting fraud.
98elise said:
Especially in the US. From reading a few real life accounts what you see in films and on TV can be quite close to the truth. Expect violence and you need to be prepared to defend yourself.
The worst beating she could expect in the type of place she's been sent to is at a game of tennis. eyebeebe said:
105.4 said:
It will be interesting to see which prison and what type of wing she ends up landing on.
An open prison in Texas, no? Kinda cat D ish?Are her charges Federal charges or State charges?
From what little I do understand, she’ll be serving at least 2/3rds of her 11 ‘behind the door’. Does America have POCA regulations? If so, she could be facing an easy 10+ years for that on top of her original sentence.
Even so, CAT-D type of places are still no joke. You’re still banged up, and that isn’t a fun, (or safe), situation to be in.
I’ll do a bit of Googling about this and get back to you.
I’ve just done a bit of Googling regarding this.
In the U.K. there are four different categorisation levels for prisons, (Cat-A to Cat-D, with Cat-A being the highest). In America there are five different categorisation levels for Federal Prisons.
As Elizabeth Thanos has been convicted of Wire Fraud offences, these are classed as Federal Charges, so she’ll go to Federal Prison rather than County Jail.
From what I can gather, Elizabeth Thanos will likely be placed into a Low Security Prison for a couple of years, (a bit like a U.K. Cat-C prison), before moving on to a Minimum Security Prison, (similar to a U.K. Cat-D prison), and she’ll be expected to serve 2/3rds of her sentence before eligible for release. So she’ll be spending the next 7.5 years inside, which is a pretty decent stretch. More info linked below:
https://federalcriminaldefenseattorney.com/prison-...
I’m not sure if there are POCA laws in America, or what extra time can be added for failing to pay a POCA, but if the POCA regs are similar in the USA as they are in the U.K., she could be looking at an extra 10 years+ added to her sentence.
In the U.K. there are four different categorisation levels for prisons, (Cat-A to Cat-D, with Cat-A being the highest). In America there are five different categorisation levels for Federal Prisons.
As Elizabeth Thanos has been convicted of Wire Fraud offences, these are classed as Federal Charges, so she’ll go to Federal Prison rather than County Jail.
From what I can gather, Elizabeth Thanos will likely be placed into a Low Security Prison for a couple of years, (a bit like a U.K. Cat-C prison), before moving on to a Minimum Security Prison, (similar to a U.K. Cat-D prison), and she’ll be expected to serve 2/3rds of her sentence before eligible for release. So she’ll be spending the next 7.5 years inside, which is a pretty decent stretch. More info linked below:
https://federalcriminaldefenseattorney.com/prison-...
I’m not sure if there are POCA laws in America, or what extra time can be added for failing to pay a POCA, but if the POCA regs are similar in the USA as they are in the U.K., she could be looking at an extra 10 years+ added to her sentence.
The key to her stay (which is set as a minimum 85% of her sentence on a Federal conviction) is if she can integrate well with the other women in her unit and that may be a challenge as she will not relate to them in any societal way whatsoever even though deemed a white collar penitentiary.
Various commentators have speculated on the role of the children in attempting to stall the judicial and then custodial process - any bets that she is pregnant again?
Various commentators have speculated on the role of the children in attempting to stall the judicial and then custodial process - any bets that she is pregnant again?
105.4 said:
I’ve just done a bit of Googling regarding this.
In the U.K. there are four different categorisation levels for prisons, (Cat-A to Cat-D, with Cat-A being the highest). In America there are five different categorisation levels for Federal Prisons.
As Elizabeth Thanos has been convicted of Wire Fraud offences, these are classed as Federal Charges, so she’ll go to Federal Prison rather than County Jail.
From what I can gather, Elizabeth Thanos will likely be placed into a Low Security Prison for a couple of years, (a bit like a U.K. Cat-C prison), before moving on to a Minimum Security Prison, (similar to a U.K. Cat-D prison), and she’ll be expected to serve 2/3rds of her sentence before eligible for release. So she’ll be spending the next 7.5 years inside, which is a pretty decent stretch. More info linked below:
https://federalcriminaldefenseattorney.com/prison-...
I’m not sure if there are POCA laws in America, or what extra time can be added for failing to pay a POCA, but if the POCA regs are similar in the USA as they are in the U.K., she could be looking at an extra 10 years+ added to her sentence.
In the U.K. there are four different categorisation levels for prisons, (Cat-A to Cat-D, with Cat-A being the highest). In America there are five different categorisation levels for Federal Prisons.
As Elizabeth Thanos has been convicted of Wire Fraud offences, these are classed as Federal Charges, so she’ll go to Federal Prison rather than County Jail.
From what I can gather, Elizabeth Thanos will likely be placed into a Low Security Prison for a couple of years, (a bit like a U.K. Cat-C prison), before moving on to a Minimum Security Prison, (similar to a U.K. Cat-D prison), and she’ll be expected to serve 2/3rds of her sentence before eligible for release. So she’ll be spending the next 7.5 years inside, which is a pretty decent stretch. More info linked below:
https://federalcriminaldefenseattorney.com/prison-...
I’m not sure if there are POCA laws in America, or what extra time can be added for failing to pay a POCA, but if the POCA regs are similar in the USA as they are in the U.K., she could be looking at an extra 10 years+ added to her sentence.
This is what I where I was thinking I’d read she’d end up. Straight to a minimum security along with some other “famous” inmates
https://abcnews.go.com/amp/US/wireStory/texas-pris...
Theranos fraudster Elizabeth Holmes has prison sentence reduced again
Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
g3org3y said:
Theranos fraudster Elizabeth Holmes has prison sentence reduced again
Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
She was only ever going to serve the minimum. These reductions are in line with the 85% of the original term so not really news.Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
I’m still wondering how much of the ordered $450 million will get paid back.
trickywoo said:
g3org3y said:
Theranos fraudster Elizabeth Holmes has prison sentence reduced again
Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
She was only ever going to serve the minimum. These reductions are in line with the 85% of the original term so not really news.Disgraced biotech company founder is now due to be released in August 2032, two years and four months before original date
I’m still wondering how much of the ordered $450 million will get paid back.
"Holmes’s lawyers have already begun attempts to get her conviction overturned. Oral arguments for her appeal are set to begin on 11 June in a federal appeals court in San Francisco, California, NBC News reported"
Not at all surprised she has the brass neck to appeal but would be interested to know the basis for that.
Also interested to know who is paying for it, given that she doesn't seem to have the $425m compo she owes stuffed down the back of the sofa!
Not at all surprised she has the brass neck to appeal but would be interested to know the basis for that.
Also interested to know who is paying for it, given that she doesn't seem to have the $425m compo she owes stuffed down the back of the sofa!
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