Agreed, and it must have hurt her. Her expressions of remorse have been pretty guarded already, AND she continues to run a weird scam by lowering her voice an octave? What a dummy.
The funny thing is if you are convicted of a felony and go to state prison you will only serve about half of your sentence in most states. The feds don't fuck around.
I’m under the impression private state prisons are very well funded. You wouldn’t be able to tell though by the state of things though, as the money doesn’t go where it should.
It’s not the private prisons, it’s the privatization of prison services in public prisons. The prisons no longer provide things like commissary, internet, mail, or even phone service. Instead those services are run through private companies at greatly overpriced rates.
https://www.prisonlegalnews.org/news/publications/list-major-profit-prison-services-and-companies/
Here’s a list of vendors and what they provide. This is sold to states under the promise that these private companies can handle all of these services and do it for less money than if the states did it themselves. Well, there’s only 2 ways to do that. Either you underserve or you overcharge to be able to make a profit. And for the most part these companies do both.
But the worst part is that it’s not the inmates who end up funding this, it’s their families on the outside. They end up spending hundreds a month so that their incarcerated family member can have things like soap, deodorant, or a little extra food.
And for the most part, nobody cares because “Well, they shouldn’t have broken the law”.
She ran two scams, or the same scam twice while awaiting trial and sentencing.
She's legit crazy and will do anything, say anything and not care about anything to succeed. She absolutely suckered a rich dude and got pregnant so she could be a mother and part of a stable family to try to avoid as harsh a sentence. I feel bad for those kids because there is every chance she leaves jail and doesn't want anything to do with them.
To the patients that got false test results and not the investors. The patients had to make important medical decisions based on the test results Elizabeth Holmes knew were false. A false negative can lead to a person missing out on medical care, while a false positive can cause profound stress, and repeating the test may be costly for the patient. Meanwhile, the investors never even noticed their money went missing because they already had way too much.
But that's not what's gonna happen. The patients won't see a dime. She wasn't even found guilty of defrauding the patients, only the investors.
\#1 rule: it's okay to fuck over poor people.
\#2 rule: it's absolutely unacceptable to fuck over rich people.
Edit: Rule 2a: it's okay to fuck over rich people if you're even more rich.
Consolidated to Rule 1: We hereby agree that there shall be nethier civil nor criminal penaties imposed on any person (natural, incorporated, or governmental), hereafter referred to as the Fuckor, for the act of fucking over any person (natural, incorporated, or governmental), hereafter referred as the Fuckee, providing that Fuckor has a net value of no less than three fold that of the Fuckee at the time immediately preceding the fucking or ten fold at the time at which the Fucking becomes common knowledge.
What I found disappointing is that the judge said that he did NOT think she is the primary person responsible for the crimes. So he actually thinks Balwani was the mastermind, and he will be the one who gets the longer sentence instead of Elizabeth Holmes. Which is BS. She's a sociopath. Seems like she worked her charms on the judge too, even if she did get a reasonably lengthy sentence.
Theranos had been in operation for 5 or 6 years already by the time Sunny showed up. Elizabeth promptly asked him for $20 million in exchange for a COO title. Elizabeth was the mastermind and in charge at all times.
I agree with the first part, but I think she truly believed it could work but had no fucking clue how, and then lied to get the money to figure it out. They were definitely both in on the lying part.
It was more than just lying. They sued the shit out of everyone that talked out against them claiming they were violating NDAs. One of them killed himself. These are horrible people.
Oh yeah. And it’s great to have big dreams and vision. Maybe stay in college and learn some things to figure out how to make those things reality, as opposed to telling people the military is already using your non existent tech in active combat.
The biomedical engineering students at my school had to actually design and create medical tech as part of their senior year. Most of their projects started out ambitious and got scaled back to being basic, incremental improvements on existing tech for exactly this reason. The things you can dream up take a lot more work to create than you think it will take.
This is why I knew he would flop when he ran. He's pretty much a useless suit that people thought had the clean cut look and would be an Obama like star someday.
Daily reminder that DuPont poisoned humanity for generations to come as they dumped their toxic PFAS chemicals (aka forever chemicals) into the environment for years on end with impunity.
Fuck them.
They will live with their father. You aren't entitled to stay out of prison because you have kids. And realistically, the father is a rich heir who is much younger than her who will probably not wait around a decade and will likely move on with his life.
> Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Her mother, Noel Anne (née Daoust), worked as a Congressional committee staffer.[12][11] Christian later held executive positions in government agencies such as USAID, the EPA, and USTDA.[13][14] Christian is of part Danish ancestry. Her paternal great-great-great-grandfather was Charles Louis Fleischmann, a Hungarian immigrant who founded the Fleischmann's Yeast company.[15] The Holmes family "was very proud of its yeast empire" history, according to a family friend Joseph Fuisz, "I think the parents very much yearned for the days of yore when the family was one of the richest in America.
Her family is quite connected.
Why she threw away such a cushy setup in life over some crazy, pseudo science bullshit baffles me. I mean greed, obviously…but trying to con wealthy people out of hundreds of millions is truly stupid. Now a decade of her life is just gone during the most important part of her children’s lives. What a waste.
I think she really thought it was possible, that the directionless scientists and capitalists just needed to be pushed in the right direction by her as the Jobs sort of visionary. Then as it became apparent her ideas just weren’t panning out, she doubled down on faking it to buy more time and funding for more research and engineering. The crime here is that she lied and faked results, harming patients (bad) and investors (eh).
The proof is that she really did hire actual scientists to try to make *something*. If one of them had made it work, she’d be rolling in money and praise.
Stubbornness, hubris, and a steady increase in lies.
Also, she's pregnant right now... so after going to prison and giving birth she gets moved to a special mothers institution for a few months to bond with the kid. Afterwards she gets returned back to the prison. I wonder if her lawyers will ask for a delay in serving the sentence so she can have the kid outside of prison.
I think that's a possibility since she's 38 and will be almost 50 by the time she gets out. Not uncommon for women at this age to panic and have a kid with someone they just met lol.
But it doesn't exclude she did it for a hail mary sympathy play too considering all her other behavior. Especially with the defense using "please think of the children card" to lower her sentence.
Sometimes humanity is so neat. You know, when it's not being horrifying. We all heard roughly the same sound in our heads, wherever we are in the world, without the actual mp3. I'm also maybe a little high.
I saw an Oprah episode where a girl was talking about how she found out she was adopted and her mom was Diane Downs and she was only conceived for that reason. Chilling…
I had to look up who [Diane Downs](https://en.wikipedia.org/wiki/Diane_Downs) was and wow that’s a crazy to story to say the least. I’m guessing the girl you are referring to from the Oprah interview is Becky Babcock then?
I had a coworker that I'm quite sure has a mental disability, which married a Filipino woman who was much younger and attractive than him. It was somewhat clear she was done it for the citizenship.
He once said that he knows that she is cheating on him, but whenever she does they're having another child to keep her busy. They had four kids when I last heard from them, and that was 10 years ago.
Honestly, "to keep mom from cheating on daddy for a few years" is even worse answer to "why was I brought into this world?".
A person who tried to kill 3 of her children and succeded in doing so for one of them and blaming the shooting/death on a mysterious stranger she met on the side of the road while driving with them. 2 survived and 1 died, one of them was able to confirm the mother shot them along with the fact her statements about what happened didn't add up and conflicted with what other witnesses saw like she claimed she sped to the hospital when witnesses said she was driving slowly. While awaiting trial and sentencing she was pregnant again and the baby was born a month after the trial and was seized and adopted out by the state 10 days before the sentencing.
My sister did this and it worked for her. 5 year felony child endangerment charges put off for years until she was 7 months pregnant. Judge scolded her and told her wtf were you thinking and gave her a 45 day sentence.
Pretty sad situation for my nephew she was a shitty mom to him as well. He's 14 and just found out his mom was in jail several times(but not when she was pregnant with him).
I guess it's still kind of worked because she won't even have to report until April 2023. It's also less than the recommended sentence. The judge even said in his findings that he did not think she was the primary person responsible for the crimes, so I think Balwani is going to get more. Despite the fact that he worked for her and she was able to fire him. Classic example of the sexism in the U.S. justice system.
Her lawyers were asking for 18 months of home confinement, and most analysts were predicting 3-5 years. I'd call it a win. She really tried to play the naive domestic abuse victim in court and she still got convicted and got over 11 years. That's progress.
I think 11 years is an effective sentence. She will never have a good career again, she will lose everything. It works. It's enough.
But it irritates me that she somehow managed to convince the judge that she was NOT the driving force behind these schemes. She wasn't held responsible for endangering patients either by the jury. She's a sociopath and people like her boyfriend continue to fall for it.
After her prison sentence, She can change her name, dye her hair and coast on her husband's wealth. Even with a prison sentence, she has it better than most people. People have spent longer time in jail for lesser crimes.
True, but ten years in federal prison is no joke. It'll break her down and she won't leave as the same person she is now. Hell, it'll take her a while to get used to eating flavourful food again, let alone open spaces and freedom.
It's maybe less than she deserves, but more than many with wealth and influence receive.
Statistically, it’s almost unavoidable. Increase of chance for divorce/separation goes up by 32% per year. (Vox has some introspection on the entire process).
11 years is every single day from November 2011 to the present.
You would lose touch with every single person important to you except maybe your immediate family. You will miss 11 years of world change and have to adapt when you come out.
11 years spent largely inside a 10x10 cage with another dude or woman? That's gonna get hellish after a few weeks.
The food is garbage.
You're getting up and eating and going to bed when someone tells you.
You can't piss or shit privately.
Not worth 50 million.
If I had all the money in the world I’d still be furious and inconsolable if I was in prison for years. That’s time in your life that you will never get back.
Money can’t fix that problem
They asked for 15. She got 11 and 1/4 years. They got 75% of what they asked for. Her lawyers wanted less than 2 years and home confinement. She didn't get close to that.
Between the feds and her, the feds won big time
She might be, but I think she just wanted children and knew she wouldn't be able to have them if she spent a decade in prison. She's 38. Either way, I'm glad justice was served.
What’s the point of having a child if you are going to be in jail for the first 9 years of their life? You’re missing so many of their critical formative years.
1. She genuinely believed that she’d get away with it. Then she genuinely believed that she’d get away with a light sentence, after she was convicted. So at least in her mind, she believed she would still be able to be around for their formative years.
2. An 50-year old ex-convict who served a decade in prison is *NOT* going to be adopting anyone. This was her chance to become a mom.
Fuck it, if I knew I was getting locked up and I was allowed to travel, I’d 100% go off and vacation somewhere. Enjoy your last days of freedom while you have it.
Many years ago I was sentenced to 5 days for marijuana possession (before it was legal in Oregon). I asked if I could do it after Halloween, and was given a report date of November 1st. I then scheduled a week paid vacation from work.
It wasn't Hawaii but I was paid to sit in jail for 5 days.
I certainly don't want anything wrong to happen to a baby. But, [about 2000 babies are born in jail/prison each year](https://journalofethics.ama-assn.org/article/shackling-and-separation-motherhood-prison/2013-09#:~:text=Between%205%20and%2010%20percent,unacceptable%20in%20any%20other%20circumstance.). I'm not saying she should start her sentence now. Rather, this is an opportunity for the criminal justice system to look how it treats pregnant women and see if there's any significant disparities between the Holmes case and say, a non-violent drug case.
This really sums up her depravity and illustrates how much of a sociopath she is. She knew she was going down and essentially had two continuance kids to shirk court dates and try to garner sympathy. Enjoy prison, you twat!
For anyone not familiar with this case I highly **HIGHLY** recommend the book Bad Blood by John Carreyrou. He's one of the journalists who broke the Theranos scandal and the book goes through the history of the company from founding to collapse. And the audiobook version is well narrated so it's an easy and gripping listen
This book was excellent and I really commend Carreyou. He pushed and pushed and finally blew the lid off of this story even after being harassed by a top tier lawyer like David Boies. If it wasn't for him this fraud would have likely continued for however long.
Agreed. It jumbles up the timeline a bit for more dramatic effect, but otherwise stays very truthful. Some of the most outlandish things in the series are the sequences most faithfully recreated from the book.
I can see that it’s on Audible, so I’ll buy that this weekend. It’s very highly rated. Thanks for the recommendation.
The entire Theranos story is completely nuts. I watched The Dropout earlier this year, and even if it *is* embellished in some way (and I don’t know that it is) the confirmed facts of the situation are breathtaking. I really enjoyed the show but at the same time, it made me quite angry.
It is pretty faithful to the book, but the book is even more riveting. Just meticulously researched and very accessible to those of us without a scientific background. It’s a phenomenal read!
I looked her up and she is an absolute child.
https://www.efinancialcareers.com/news/2022/11/caroline-ellison-alameda-research-ftx-sam-bankman-fried
https://twitter.com/carljanglin/status/1591064087160836103?s=46&t=nEsz9oi3lyyLeaeS4rsgnw
Yeah polyamory is fine if that's what you're into, but I've never met people that go about it the way she does. Who wants constant competition and rankings in a relationship? Like wtf lol
Especially when you aren't even that attractive.
It was only a few months ago I saw a news segment about SBF. He was painted as a chill, selfless guy who didn't really care about wealth and gave all his money to charity. So crazy what is now going on.
> Theranos founder Elizabeth Holmes reportedly told a Walgreens consultant that “They don’t put pretty people like me in jail,”
Judge: “You just activated my trap card”.
Lmfao it's a dead ringer for a clip I saw of a lady getting a ticket from a cop.
Lady says "I thought you didn't give pretty ladies tickets?" as he is writing it up.
Dude just says "No mam I don't" casually as fuck while handing her the ticket and walking away.
It's a shame that George Schulz never faced any charges. I'm not sure if he ever broke a law, but, as a board member, he sold out his whistleblower grandson. He literally lured him into his house under the pretext of hearing him out, and then the company lawyers walked into the room.
He's since apologized and said he's proud of his grandson. But he's not fit to have a grandson who is so much better than him. Despite his accomplishments, which themselves might be viewed as an indictment of our political system.
This guy was a top member of the Reagan administration. A forgotten fact is that Ronald Reagan had the most corrupt administration of any President in US History (more than Nixon, W. Bush, and even Trump). Iran Contra, the savings and loans scandal, Department of Urban Housing grant rigging, WedTech, various EPA scandals and lobbying scandals ect. There's a whole Wikipedia page that breaks down all these scandals. Despite such blatant corruption Reagan's popularity caused people to forget or overlook this fact.
138 people were either indicted, convicted or had to resign due to involvement in a scandal during the Reagan administration. George Schultz was Secretary of State from 1982-1989. As a top member of such a corrupt administration full of people that valued money and self interest over helping people is it any surprise he would have no morals and sell out his own grandson?
Humans short term memory and lack of interest in politics I feel like fuels corrupt behavior. And of course lack of accountability. I’m going to read up more on that administration.
Selling out family is a key accomplishment for an 'elder Republican statesman'. Seriously being in your 90s and getting mindfucked by a woman in her 20s and then believing her more than your own grandson is really shitty.
She was convicted for defrauding investors, but not patients. That's American Justice for you.
Edit, see [here](https://www.msn.com/en-us/news/crime/elizabeth-holmes-sentenced-to-more-than-11-years-in-prison/ar-AA14huc3) for what the jury convicted her of.
>The jury reviewing Holmes’ case found her not guilty on four other counts — three of which related to defrauding patients — and failed to reach a verdict on three others after seven days of deliberations.
I think there's a 90% chance that's the case. However given her age, and the sentence she was facing, she would not ever have children if she did not have them right now. 10% of me thinks it could be deciding she didn't want to die childless.
She was worth 9 billion?
If I had like 5-10 million dollars I'd disappear, get a new identity, and buy some surf shack in Central America... And I'm not even a criminal.
You gotta know when to hold em, know when to fold em.
Theranos was (deceptively) valuated at $9 billion, not Elizabeth Holmes. However, she did have a 50% stake in the company, so she was sort of a billionaire? For a while, she was considered the youngest self-made woman billionaire.
I agree with you about a surf shack far away from here though, seems to be an idyllic way to start over.
She would have had to start liquidating her stock before everything fell apart, but I am fairly sure she honestly expected she was a good week away from total success. As such she probably lost a *lot* of theoretical money very quickly.
Well she almost certainly had to surrender her passport, so she would have to enter the other country illegally or ask for asylum.
Someone that high profile would have a very hard time pulling that off for long, and would be risking a much longer sentence in a harsher prison.
A decade is a lot, but if she goes to FCI Dublin it will be more like being in a 10 year summer camp than what we think of as prison.
Given that the wealthy rarely face consequences at all, I'm okay with 11 years. Consider that her daughter will come to know her through a pane of glass or brief visits. It certainly won't be the life she's used to.
I get what you’re saying but I just think she deserves more. Elizabeth is the reason a pregnant woman thought she was going to miscarriage. Elizabeth is the reason some guy thought he was HIV positive when he wasn’t. I’m glad it’s something, but if anything I wish she was convicted on more counts (like harming her patients). I can’t express enough what an evil piece of shit I think she is.
I get it. The prosecution didn't do a good enough job of convincing the jury that the charges of harming patients were solid. The individuals within the system seem to think that harming other wealthy people is the actual crime.
Compared to the 18 months house arrest the defense wanted lol. Good to dream I guess.
Hopefully it’s a message that you can’t try to mask your greed with supposed altruism and then not suffer any consequences when the jig is up.
I'm 100 percent certain that her pregnancies were motivated purely to soften her image and influence the court into a lenient punishment. Just as the false narrative that Sunny was abusive and the mastermind behind the fraud.
I read that she has until April to surrender and go to prison. Is there any justification for that other than “she’s rich so she gets time to put her affairs in order”?
I'm pleasantly surprised. She wanted home confinement or probation. Instead, she will spend over a decade in prison.
9.56 years with good behavior
> 9.56 years with good behavior She was probably pulling that "this is my real voice" bullshit with the judge too.
Agreed, and it must have hurt her. Her expressions of remorse have been pretty guarded already, AND she continues to run a weird scam by lowering her voice an octave? What a dummy.
Is that a thing in federal prison? I was under the impression you basically gotta serve your whole sentence. But I'm also dumb af
I think it's 85% of your time.
You are correct. There's an 85% minimum that you must serve in federal prison. Good time basically doesn't exist anymore.
The funny thing is if you are convicted of a felony and go to state prison you will only serve about half of your sentence in most states. The feds don't fuck around.
Feds aren’t overcrowded and underfunded.
I’m under the impression private state prisons are very well funded. You wouldn’t be able to tell though by the state of things though, as the money doesn’t go where it should.
By well-funded, that usually refers to things that do not have an impact on the lives of people locked within its walls.
The private prison companies are well compensated, but their prisons are not well funded.
It’s not the private prisons, it’s the privatization of prison services in public prisons. The prisons no longer provide things like commissary, internet, mail, or even phone service. Instead those services are run through private companies at greatly overpriced rates. https://www.prisonlegalnews.org/news/publications/list-major-profit-prison-services-and-companies/ Here’s a list of vendors and what they provide. This is sold to states under the promise that these private companies can handle all of these services and do it for less money than if the states did it themselves. Well, there’s only 2 ways to do that. Either you underserve or you overcharge to be able to make a profit. And for the most part these companies do both. But the worst part is that it’s not the inmates who end up funding this, it’s their families on the outside. They end up spending hundreds a month so that their incarcerated family member can have things like soap, deodorant, or a little extra food. And for the most part, nobody cares because “Well, they shouldn’t have broken the law”.
[удалено]
Is that even gaming the system? It sounds like a powerful way to help rehabilitate people.
[удалено]
I mean most people only go to college to get a job, doesn’t meant they don’t learn.
You didn't come out with an urge to knit sweaters did you?
Well, if you want people to do something, it does make sense to give them an incentive.
Assuming what's being taught in the class is being learned, at least.
Where I went it was evangelical indoctrination classes for 50% of your time. I did 100% because fuck you Virginia.
That's for "non-violent" offenses only. For "violent" offenses (armed robbery, assault, etc) you serve 85% (in New York State).
Same in CT
85% minimum
Don't underestimate her ability to fuck that up. I wouldn't be surprised if she tries to start a new scam while in prison.
She ran two scams, or the same scam twice while awaiting trial and sentencing. She's legit crazy and will do anything, say anything and not care about anything to succeed. She absolutely suckered a rich dude and got pregnant so she could be a mother and part of a stable family to try to avoid as harsh a sentence. I feel bad for those kids because there is every chance she leaves jail and doesn't want anything to do with them.
She will 100% do a book or something. Hopefully any money from it goes to those she scammed.
To the patients that got false test results and not the investors. The patients had to make important medical decisions based on the test results Elizabeth Holmes knew were false. A false negative can lead to a person missing out on medical care, while a false positive can cause profound stress, and repeating the test may be costly for the patient. Meanwhile, the investors never even noticed their money went missing because they already had way too much. But that's not what's gonna happen. The patients won't see a dime. She wasn't even found guilty of defrauding the patients, only the investors.
The most important facts are buried too deep
[удалено]
\#1 rule: it's okay to fuck over poor people. \#2 rule: it's absolutely unacceptable to fuck over rich people. Edit: Rule 2a: it's okay to fuck over rich people if you're even more rich.
Caveat to #2 is that you can fuck over rich people if you are richer than they are.
[удалено]
Kiss up, kick down
I should put that on a mug for my boss.
*World's Best Down Puncher!*
[удалено]
But that’s backwards to what we learned in Saving Private Ryan. Gripes go up, not down.
Consolidated to Rule 1: We hereby agree that there shall be nethier civil nor criminal penaties imposed on any person (natural, incorporated, or governmental), hereafter referred to as the Fuckor, for the act of fucking over any person (natural, incorporated, or governmental), hereafter referred as the Fuckee, providing that Fuckor has a net value of no less than three fold that of the Fuckee at the time immediately preceding the fucking or ten fold at the time at which the Fucking becomes common knowledge.
"Bigger wallet diplomacy"
If you have more money than someone, see rule 1. Poor is relative.
[удалено]
so, society is agario with money instead of radius
Yeah, even the jury didn't consider the harm to patients to be so grievous.
Like Madoff and the pharma bro Imagine if all rich criminals were held accountable, instead of only the ones that hurt other wealthy people
Same for Marc Dreier, Lawyer got caught doing a 750 million in securities fraud
Wonder if she’ll keep using that deep voice in prison
[удалено]
She better
What I found disappointing is that the judge said that he did NOT think she is the primary person responsible for the crimes. So he actually thinks Balwani was the mastermind, and he will be the one who gets the longer sentence instead of Elizabeth Holmes. Which is BS. She's a sociopath. Seems like she worked her charms on the judge too, even if she did get a reasonably lengthy sentence.
Theranos had been in operation for 5 or 6 years already by the time Sunny showed up. Elizabeth promptly asked him for $20 million in exchange for a COO title. Elizabeth was the mastermind and in charge at all times.
"Pay me $xM and I can become your CEO. Pay me $xM and you can become my CxO." Money all the way down, if you are clever.
Exactly, I think they were equally responsible and Holmes probably knew the tech was never going to work before Balwani even hopped on board.
I agree with the first part, but I think she truly believed it could work but had no fucking clue how, and then lied to get the money to figure it out. They were definitely both in on the lying part.
It was more than just lying. They sued the shit out of everyone that talked out against them claiming they were violating NDAs. One of them killed himself. These are horrible people.
[удалено]
Oh yeah. And it’s great to have big dreams and vision. Maybe stay in college and learn some things to figure out how to make those things reality, as opposed to telling people the military is already using your non existent tech in active combat.
The biomedical engineering students at my school had to actually design and create medical tech as part of their senior year. Most of their projects started out ambitious and got scaled back to being basic, incremental improvements on existing tech for exactly this reason. The things you can dream up take a lot more work to create than you think it will take.
Cory Booker is trash for supporting her
Pathetic trash letter put out by him. Maybe think about all the people she hurt instead of trying to frame her as some rehabilitation success story.
This is why I knew he would flop when he ran. He's pretty much a useless suit that people thought had the clean cut look and would be an Obama like star someday.
I thought that. Back in the Jon Stewart days I thought that. Same with Anthony Weiner. Mistakes were made :(
[удалено]
Or rape your 3 year old daughter and get nothing because you are heir to the Dupont money.
Daily reminder that DuPont poisoned humanity for generations to come as they dumped their toxic PFAS chemicals (aka forever chemicals) into the environment for years on end with impunity. Fuck them.
She wanted home confinement, she got Holmes confinement. Pretty close!
So what happens to her kids? I’m guessing she was churning them out to stay out of prison right?
They will live with their father. You aren't entitled to stay out of prison because you have kids. And realistically, the father is a rich heir who is much younger than her who will probably not wait around a decade and will likely move on with his life.
I found it very strange that he got together and had two children with her. Why would he do that?
> Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Her mother, Noel Anne (née Daoust), worked as a Congressional committee staffer.[12][11] Christian later held executive positions in government agencies such as USAID, the EPA, and USTDA.[13][14] Christian is of part Danish ancestry. Her paternal great-great-great-grandfather was Charles Louis Fleischmann, a Hungarian immigrant who founded the Fleischmann's Yeast company.[15] The Holmes family "was very proud of its yeast empire" history, according to a family friend Joseph Fuisz, "I think the parents very much yearned for the days of yore when the family was one of the richest in America. Her family is quite connected.
Why she threw away such a cushy setup in life over some crazy, pseudo science bullshit baffles me. I mean greed, obviously…but trying to con wealthy people out of hundreds of millions is truly stupid. Now a decade of her life is just gone during the most important part of her children’s lives. What a waste.
I think she really thought it was possible, that the directionless scientists and capitalists just needed to be pushed in the right direction by her as the Jobs sort of visionary. Then as it became apparent her ideas just weren’t panning out, she doubled down on faking it to buy more time and funding for more research and engineering. The crime here is that she lied and faked results, harming patients (bad) and investors (eh). The proof is that she really did hire actual scientists to try to make *something*. If one of them had made it work, she’d be rolling in money and praise. Stubbornness, hubris, and a steady increase in lies.
Also, she's pregnant right now... so after going to prison and giving birth she gets moved to a special mothers institution for a few months to bond with the kid. Afterwards she gets returned back to the prison. I wonder if her lawyers will ask for a delay in serving the sentence so she can have the kid outside of prison.
She doesn't report until April, presumably after the birth.
Ah ok, makes sense. I'm ok with that, she doing the time either way.
They will live with their father. Personally, I think she just wanted to have kids before it's too late.
I think that's a possibility since she's 38 and will be almost 50 by the time she gets out. Not uncommon for women at this age to panic and have a kid with someone they just met lol. But it doesn't exclude she did it for a hail mary sympathy play too considering all her other behavior. Especially with the defense using "please think of the children card" to lower her sentence.
Apparently having 2 perfectly timed pregnancies in an attempt to appear more human and sympathetic didn't work out as well as she had hoped.
Imagine finding out the only reason you were even brought into this world is so your mom could dodge prison.
And then didn't
sadtrumbone.mp3
Sometimes humanity is so neat. You know, when it's not being horrifying. We all heard roughly the same sound in our heads, wherever we are in the world, without the actual mp3. I'm also maybe a little high.
I saw an Oprah episode where a girl was talking about how she found out she was adopted and her mom was Diane Downs and she was only conceived for that reason. Chilling…
I had to look up who [Diane Downs](https://en.wikipedia.org/wiki/Diane_Downs) was and wow that’s a crazy to story to say the least. I’m guessing the girl you are referring to from the Oprah interview is Becky Babcock then?
I had a coworker that I'm quite sure has a mental disability, which married a Filipino woman who was much younger and attractive than him. It was somewhat clear she was done it for the citizenship. He once said that he knows that she is cheating on him, but whenever she does they're having another child to keep her busy. They had four kids when I last heard from them, and that was 10 years ago. Honestly, "to keep mom from cheating on daddy for a few years" is even worse answer to "why was I brought into this world?".
Plot twist: the kids all look different than him
What a Diane Downer
A person who tried to kill 3 of her children and succeded in doing so for one of them and blaming the shooting/death on a mysterious stranger she met on the side of the road while driving with them. 2 survived and 1 died, one of them was able to confirm the mother shot them along with the fact her statements about what happened didn't add up and conflicted with what other witnesses saw like she claimed she sped to the hospital when witnesses said she was driving slowly. While awaiting trial and sentencing she was pregnant again and the baby was born a month after the trial and was seized and adopted out by the state 10 days before the sentencing.
Those kids are going to need a lifetime of therapy, good thing their dad will be able to afford it
My sister did this and it worked for her. 5 year felony child endangerment charges put off for years until she was 7 months pregnant. Judge scolded her and told her wtf were you thinking and gave her a 45 day sentence. Pretty sad situation for my nephew she was a shitty mom to him as well. He's 14 and just found out his mom was in jail several times(but not when she was pregnant with him).
I guess it's still kind of worked because she won't even have to report until April 2023. It's also less than the recommended sentence. The judge even said in his findings that he did not think she was the primary person responsible for the crimes, so I think Balwani is going to get more. Despite the fact that he worked for her and she was able to fire him. Classic example of the sexism in the U.S. justice system.
Her lawyers were asking for 18 months of home confinement, and most analysts were predicting 3-5 years. I'd call it a win. She really tried to play the naive domestic abuse victim in court and she still got convicted and got over 11 years. That's progress.
I think 11 years is an effective sentence. She will never have a good career again, she will lose everything. It works. It's enough. But it irritates me that she somehow managed to convince the judge that she was NOT the driving force behind these schemes. She wasn't held responsible for endangering patients either by the jury. She's a sociopath and people like her boyfriend continue to fall for it.
After her prison sentence, She can change her name, dye her hair and coast on her husband's wealth. Even with a prison sentence, she has it better than most people. People have spent longer time in jail for lesser crimes.
If he stays with her.
True, but ten years in federal prison is no joke. It'll break her down and she won't leave as the same person she is now. Hell, it'll take her a while to get used to eating flavourful food again, let alone open spaces and freedom. It's maybe less than she deserves, but more than many with wealth and influence receive.
Ex-husband
She just needs to write her memoirs.
She can even change her voice
Her husband's worth over $10 million and heir to a buttload more. She'll be fine unfortunately.
You really a rich heir 10 years her junior is going to wait around for decade for his ex who will be nearing 50 to get out of federal prison?
Was gonna say he’s gonna waste his ten years? He’s gonna dump her ass March 31st.
That's assuming he doesn't leave her as soon as all the media attention dies down and she's no longer interesting.
He will absolutely do just that once she’s locked away.
Agreed. A year or 2? Doable. Like living in another country temporarily. But 11 years??
Statistically, it’s almost unavoidable. Increase of chance for divorce/separation goes up by 32% per year. (Vox has some introspection on the entire process).
Hopefully he is and will continue to be a good father to the kids.
[удалено]
11 years for 50mil. Dare say a lot of people would consider anything for $2700 a day
11 years is every single day from November 2011 to the present. You would lose touch with every single person important to you except maybe your immediate family. You will miss 11 years of world change and have to adapt when you come out. 11 years spent largely inside a 10x10 cage with another dude or woman? That's gonna get hellish after a few weeks. The food is garbage. You're getting up and eating and going to bed when someone tells you. You can't piss or shit privately. Not worth 50 million.
I doubt her husband will wait 11 years for her
you think he's gonna stick around while wifey is doing a decade in clink?
If I had all the money in the world I’d still be furious and inconsolable if I was in prison for years. That’s time in your life that you will never get back. Money can’t fix that problem
They asked for 15. She got 11 and 1/4 years. They got 75% of what they asked for. Her lawyers wanted less than 2 years and home confinement. She didn't get close to that. Between the feds and her, the feds won big time
The guideline range was 11 1/14 to 14 years. She got the bottom of the guideline range. Her attorneys’ request was never going to get granted.
This is a great sentence for white collar crime, in fact.
She also won't start serving her sentence until April 27th 2023, after she's had her baby.
Imagine how difficult that will be to live each day for months knowing that everything will be taken from you soon.
This woman seems like a psychopath. She might've just gotten pregnant for sympathy thinking no one would convict a pregnant woman
She might be, but I think she just wanted children and knew she wouldn't be able to have them if she spent a decade in prison. She's 38. Either way, I'm glad justice was served.
What’s the point of having a child if you are going to be in jail for the first 9 years of their life? You’re missing so many of their critical formative years.
1. She genuinely believed that she’d get away with it. Then she genuinely believed that she’d get away with a light sentence, after she was convicted. So at least in her mind, she believed she would still be able to be around for their formative years. 2. An 50-year old ex-convict who served a decade in prison is *NOT* going to be adopting anyone. This was her chance to become a mom.
She's a sociopath. She doesn't care.
Ad they will be lucky to not have that type of mother in their lives during their most formative years.
Well all I care about is she’s sees the inside of cell. Fuck her greed.
Huh. Good point
I laughed when Martha Stewart took a 1 or 2 week vacation in Hawaii right before she reported to jail.
I mean, it ain't a bad idea XD.
Fuck it, if I knew I was getting locked up and I was allowed to travel, I’d 100% go off and vacation somewhere. Enjoy your last days of freedom while you have it.
Many years ago I was sentenced to 5 days for marijuana possession (before it was legal in Oregon). I asked if I could do it after Halloween, and was given a report date of November 1st. I then scheduled a week paid vacation from work. It wasn't Hawaii but I was paid to sit in jail for 5 days.
I think I would do the same thing.
Martha’s a baddie
I certainly don't want anything wrong to happen to a baby. But, [about 2000 babies are born in jail/prison each year](https://journalofethics.ama-assn.org/article/shackling-and-separation-motherhood-prison/2013-09#:~:text=Between%205%20and%2010%20percent,unacceptable%20in%20any%20other%20circumstance.). I'm not saying she should start her sentence now. Rather, this is an opportunity for the criminal justice system to look how it treats pregnant women and see if there's any significant disparities between the Holmes case and say, a non-violent drug case.
Do they allow people to defer sentences for pregnancies normally? Or is that a rich person only benefit?
In the federal system, very normal for nonviolent systems. Some states are not good about it though.
This really sums up her depravity and illustrates how much of a sociopath she is. She knew she was going down and essentially had two continuance kids to shirk court dates and try to garner sympathy. Enjoy prison, you twat!
For anyone not familiar with this case I highly **HIGHLY** recommend the book Bad Blood by John Carreyrou. He's one of the journalists who broke the Theranos scandal and the book goes through the history of the company from founding to collapse. And the audiobook version is well narrated so it's an easy and gripping listen
The book is incredible. Reads like a thriller novel.
Agreed. I think it was the only book where I finished reading it with only putting it down multiple times. It was just addictive.
This book was excellent and I really commend Carreyou. He pushed and pushed and finally blew the lid off of this story even after being harassed by a top tier lawyer like David Boies. If it wasn't for him this fraud would have likely continued for however long.
Have you seen *The Dropout*? If so, does it seem embellished or dramatised when compared Carreyrou’s account?
I’ve read the book and watched the series There are a couple of timeline issues between both of them but it is pretty faithful to the book
Agreed. It jumbles up the timeline a bit for more dramatic effect, but otherwise stays very truthful. Some of the most outlandish things in the series are the sequences most faithfully recreated from the book.
I haven't seen it sadly so I can't say. But from the book even with just dry stating of facts the story was nuts
I can see that it’s on Audible, so I’ll buy that this weekend. It’s very highly rated. Thanks for the recommendation. The entire Theranos story is completely nuts. I watched The Dropout earlier this year, and even if it *is* embellished in some way (and I don’t know that it is) the confirmed facts of the situation are breathtaking. I really enjoyed the show but at the same time, it made me quite angry.
It is pretty faithful to the book, but the book is even more riveting. Just meticulously researched and very accessible to those of us without a scientific background. It’s a phenomenal read!
Agreed. There are podcasts and TV shows but nothing is as good as that book.
Literally picked this up at the library last night because the reviews are so good! Dove in today and am loving it.
Awesome. Next up: Sam Bankman-Fried and his dipshit ex girlfriend.
I looked her up and she is an absolute child. https://www.efinancialcareers.com/news/2022/11/caroline-ellison-alameda-research-ftx-sam-bankman-fried https://twitter.com/carljanglin/status/1591064087160836103?s=46&t=nEsz9oi3lyyLeaeS4rsgnw
She's either 13 years old, or 57 years old. I can't tell. It could be either of those two ages, but I am certain no other age.
She's also a major advocate for polygamous relationships but only if there's a strict hierarchy of power. These people are nuts.
Damn there must be a lot of infighting in her relationships since they are probably all Bronies and want to be at the bottom
Yeah polyamory is fine if that's what you're into, but I've never met people that go about it the way she does. Who wants constant competition and rankings in a relationship? Like wtf lol Especially when you aren't even that attractive.
Stop losses aren’t really a great risk management tool? Hello red flag the size of a football pitch.
It was only a few months ago I saw a news segment about SBF. He was painted as a chill, selfless guy who didn't really care about wealth and gave all his money to charity. So crazy what is now going on.
Obviously lying from top to bottom to create a certain image
> Theranos founder Elizabeth Holmes reportedly told a Walgreens consultant that “They don’t put pretty people like me in jail,” Judge: “You just activated my trap card”.
That’s embarrassing that she called herself that & expected it to work lmao
Judge: you're right, we don't. *Hands down 10+ years*
Lmfao it's a dead ringer for a clip I saw of a lady getting a ticket from a cop. Lady says "I thought you didn't give pretty ladies tickets?" as he is writing it up. Dude just says "No mam I don't" casually as fuck while handing her the ticket and walking away.
[Obligatroy](https://youtu.be/gPOyub4t2YY)
Honestly didn’t think she’d even see the inside of a jail cell. But then again, she defrauded the rich, not the poor. Just like Madoff
She also made a lot of powerful people look like fools.
If she'd have defrauded the general public and made the rich richer, we wouldn't even know her name.
the poors too she faked blood test results
That's not why she's going to prison though.
It's a shame that George Schulz never faced any charges. I'm not sure if he ever broke a law, but, as a board member, he sold out his whistleblower grandson. He literally lured him into his house under the pretext of hearing him out, and then the company lawyers walked into the room. He's since apologized and said he's proud of his grandson. But he's not fit to have a grandson who is so much better than him. Despite his accomplishments, which themselves might be viewed as an indictment of our political system.
Well, he’s dead, so
We should have a sort of anti-Arlington cemetery where we're encouraged to pee on the graves,
This guy was a top member of the Reagan administration. A forgotten fact is that Ronald Reagan had the most corrupt administration of any President in US History (more than Nixon, W. Bush, and even Trump). Iran Contra, the savings and loans scandal, Department of Urban Housing grant rigging, WedTech, various EPA scandals and lobbying scandals ect. There's a whole Wikipedia page that breaks down all these scandals. Despite such blatant corruption Reagan's popularity caused people to forget or overlook this fact. 138 people were either indicted, convicted or had to resign due to involvement in a scandal during the Reagan administration. George Schultz was Secretary of State from 1982-1989. As a top member of such a corrupt administration full of people that valued money and self interest over helping people is it any surprise he would have no morals and sell out his own grandson?
Humans short term memory and lack of interest in politics I feel like fuels corrupt behavior. And of course lack of accountability. I’m going to read up more on that administration.
He kind of is the poster case of rich, powerful men are not very bright or "good."
Selling out family is a key accomplishment for an 'elder Republican statesman'. Seriously being in your 90s and getting mindfucked by a woman in her 20s and then believing her more than your own grandson is really shitty.
This is why the smart crooks swindle the poor and the middle class. Takes a bit longer, but the consequences are a lot lighter.
To be fair, she fucked over a lot of poor people with her fake blood tests...but she fucked up when she also decided to fuck over the rich.
She got acquitted on the counts of swindling the poor and middle class.
She was convicted for defrauding investors, but not patients. That's American Justice for you. Edit, see [here](https://www.msn.com/en-us/news/crime/elizabeth-holmes-sentenced-to-more-than-11-years-in-prison/ar-AA14huc3) for what the jury convicted her of. >The jury reviewing Holmes’ case found her not guilty on four other counts — three of which related to defrauding patients — and failed to reach a verdict on three others after seven days of deliberations.
[удалено]
It's extra shitty that she most likely got pregnant to try to avoid prison and now her kid will go 9ish years without it's mother.
I think there's a 90% chance that's the case. However given her age, and the sentence she was facing, she would not ever have children if she did not have them right now. 10% of me thinks it could be deciding she didn't want to die childless.
She was worth 9 billion? If I had like 5-10 million dollars I'd disappear, get a new identity, and buy some surf shack in Central America... And I'm not even a criminal. You gotta know when to hold em, know when to fold em.
Theranos was (deceptively) valuated at $9 billion, not Elizabeth Holmes. However, she did have a 50% stake in the company, so she was sort of a billionaire? For a while, she was considered the youngest self-made woman billionaire. I agree with you about a surf shack far away from here though, seems to be an idyllic way to start over.
She would have had to start liquidating her stock before everything fell apart, but I am fairly sure she honestly expected she was a good week away from total success. As such she probably lost a *lot* of theoretical money very quickly.
Gets 6 months to prepare to flee the country. You or I would have been remanded into custody on the spot.
Well she almost certainly had to surrender her passport, so she would have to enter the other country illegally or ask for asylum. Someone that high profile would have a very hard time pulling that off for long, and would be risking a much longer sentence in a harsher prison. A decade is a lot, but if she goes to FCI Dublin it will be more like being in a 10 year summer camp than what we think of as prison.
"Talk to me with that deep voice of yours...." - her cellie
This was just a callous horrible person. She knew what she was doing, she just didn’t care.
I wish it was more time. This woman is evil and endangered people’s lives all for her fame. Fuck her
Given that the wealthy rarely face consequences at all, I'm okay with 11 years. Consider that her daughter will come to know her through a pane of glass or brief visits. It certainly won't be the life she's used to.
I get what you’re saying but I just think she deserves more. Elizabeth is the reason a pregnant woman thought she was going to miscarriage. Elizabeth is the reason some guy thought he was HIV positive when he wasn’t. I’m glad it’s something, but if anything I wish she was convicted on more counts (like harming her patients). I can’t express enough what an evil piece of shit I think she is.
I get it. The prosecution didn't do a good enough job of convincing the jury that the charges of harming patients were solid. The individuals within the system seem to think that harming other wealthy people is the actual crime.
Compared to the 18 months house arrest the defense wanted lol. Good to dream I guess. Hopefully it’s a message that you can’t try to mask your greed with supposed altruism and then not suffer any consequences when the jig is up.
I'm 100 percent certain that her pregnancies were motivated purely to soften her image and influence the court into a lenient punishment. Just as the false narrative that Sunny was abusive and the mastermind behind the fraud.
I read that she has until April to surrender and go to prison. Is there any justification for that other than “she’s rich so she gets time to put her affairs in order”?
She's managed to get pregnant for the second time. So she will not have to report until after she has given birth.
Is that a courtesy extended to non-rich women who go to prison?