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Convicted CEO Elizabeth Holmes is a flight risk, says federal prosecutors
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  • Convicted CEO Elizabeth Holmes is a flight risk, says federal prosecutors

Convicted CEO Elizabeth Holmes is a flight risk, says federal prosecutors

the associated press • January 21, 2023, 15:03:19 IST
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Holmes, who was CEO of Theranos during the company’s turbulent 15-year history, was convicted in a scheme that revolved around the company’s claims to have developed a medical device that could detect a multitude of diseases and conditions from a few drops of blood

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Convicted CEO Elizabeth Holmes is a flight risk, says federal prosecutors

San Jose, Calif.: Elizabeth Holmes is a flight risk and shouldn’t be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors, federal prosecutors said in court documents. Holmes had a one-way plane ticket to Mexico booked for 26 January 2022, three weeks after being convicted by a jury on four counts of fraud and conspiracy, federal prosecutors said in a motion filed Thursday in federal court in Northern California. Holmes, who was CEO of Theranos during the company’s turbulent 15-year history, was convicted in a scheme that revolved around the company’s claims to have developed a medical device that could detect a multitude of diseases and conditions from a few drops of blood. But the technology never worked, and the claims were false. Holmes booked the 2022 flight without a scheduled return trip and only cancelled it after prosecutors contacted Holmes’ attorneys about the “unauthorized flight,” prosecutors said. Holmes’ attorneys did not immediately respond Friday to email and phone messages from The Associated Press. In a 23 January 2022, email responding to prosecutors’ concerns about the planned trip, they said Holmes had booked it before the jury’s verdict to attend a wedding in Mexico. “Given the verdict, she does not plan to take the trip and therefore did not provide notice, seek permission, or request access to her passport (which the government has) for the trip,” wrote Lance Wade, one of Holmes’ attorneys. On 17 November, US District Judge Edward Davila sentenced Homes to more than 11 years in prison. Davila ordered Holmes, who is pregnant, to report to prison on 27 April, giving her enough time to give birth to her second child before she is incarcerated. She gave birth to a son shortly before her trial started last year. Prosecutors did not protest Davila’s decision to give Holmes five months of freedom or bring up the fact that they considered her a flight risk. Holmes is scheduled to return to court on 17 March for a hearing on her request to stay out of prison while she appeals her conviction. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

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