![]() ![]() At most, Looby contended, Holmes' restitution penalty should be limited to the handful of investors who testified during her trial. He noted that the jury in her trial couldn't reach a verdict on three counts of investor fraud, prompting the prosecutor to dismiss those charges. “Just to apply common sense, the money these investors lost is the money they put in,” Leach said.īut Hollmes' lawyer Patrick Looby countered that prosecutors were way off base by pursuing an “all or nothing” restitution amount. The two opposing sides also sparred over how much restitution Holmes should pay defrauded investors whose trust briefly boosted her wealth to $4.5 billion based on Theranos' peak value before its collapse.įederal prosecutor Robert Leach argued her conviction for engineering a conspiracy justified restitution of nearly $900 million to repay Theranos investors swept up in her lies. “That was shocking to investors,” Volkar reminded Davila. Most of the deceit centered on a device dubbed “Edison” that Holmes had boasted would be able to scan for hundreds of diseases and other health problems with just a few drops of blood taken with a finger prick.īut the Edison produced such wildly unreliable results that Theranos began relying on third-party testing equipment already widely used on the market - a switch that Holmes concealed in an effort to keep the company afloat. She specifically cited Davila's refusal to allow the jury to see a sworn deposition that Balwani gave during a Securities and Exchange Commission investigation into Theranos' downfall that Holmes' defense team believes would have helped exonerate her.įederal prosecutor Kelly Volkar countered there is “no likelihood for reversal" of Holmes' conviction and asserted that the trial documented seven different categories of deception that she engaged in while running Theranos. “We think the record is teeming with issues,” Saharia asserted. With just two alternate jurors left, some legal experts expressed doubts that the Elizabeth. Davila said he hopes to issue his ruling in early April. But nonverbal communication could be key at trial. The proceedings ended without a determination whether Holmes, 39, will be able to stay out of prison while her appeal unfolds or have surrender to authorities on April 27, as currently scheduled. Holmes didn't appear flustered by the disruption. ![]() He was quickly intercepted by security officers who forcibly removed him. District Judge Edward Davila sentenced her for duping investors in Theranos, a startup she founded 20 years ago and rode to fleeting fame and fortune on her promises of a revolutionary blood-testing technology.īefore the hearing started, a man in the audience in the San Jose, California, courtroom tried to approach the table where Holmes was sitting while carrying a document in his hand. The 90-minute hearing came four months after Holmes' last court hearing. (AP) - Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax. If you take a peek at the HBO doc, The Inventor: Out for Blood in Silicon Valley, it's hard not to become fixated by Holmes' tone-and, of course, all the insanely interesting details about how Holmes convinced people that her blood-testing devices could detect disease in one go.SAN JOSE, Calif. So who to believe in this game of he-said-she-said? "It was maybe at one of the company parties, and maybe she had too much to drink or what not, but she fell out of character and exposed that that was not necessarily her true voice,” one of her former Theranos employees said. ![]() Their claims? Holmes faked her deep voice. This heated voice debate of 2019 escalated when former coworkers and acquaintances of Holmes opened up about the Theranos founder on the Holmes-centric podcast, The Dropout, produced by ABC Radio and ABC News Nightline. Holmes' family members told TMZ that her voice is indeed that deep and that most people in Holmes' fam have lower voices, even "including her grandmother." As for instances when she has a higher tone, the fam says that's purposeful: "Elizabeth will occasionally change her pitch to a higher octave, especially when she gets excited or passionate," per TMZ.
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