Court Unanimously Denies Theranos Founder Elizabeth Holmes' Request For Rehearing (cnbc.com)
- Reference: 0177411825
- News link: https://science.slashdot.org/story/25/05/09/2149209/court-unanimously-denies-theranos-founder-elizabeth-holmes-request-for-rehearing
- Source link: https://www.cnbc.com/2025/05/08/elizabeth-holmes-theranos-fraud-appeal.html
> The 9th Circuit U.S. Court of Appeals denied Holmes' request for a rehearing before the original three-judge panel that upheld her conviction. At the same time, the court said no judge on the circuit court had asked for a vote on whether to have the full court rehear the appeal.
>
> Holmes, 41, was [2]sentenced in January 2023 to 11 years and 3 months in prison after being [3]found guilty of four counts of wire fraud in January 2022. She was found guilty of deceiving investors about the capabilities of Theranos, the blood-testing company she founded in 2003. The company crumbled after a Wall Street Journal story outlined the firm's struggles and shut down in 2018.
[1] https://www.cnbc.com/2025/05/08/elizabeth-holmes-theranos-fraud-appeal.html
[2] https://science.slashdot.org/story/22/11/18/2222208/former-theranos-ceo-elizabeth-holmes-sentenced-to-more-than-11-years-in-prison?sdsrc=rel
[3] https://science.slashdot.org/story/22/01/04/0051229/theranos-founder-elizabeth-holmes-found-guilty?sdsrc=rel
$452 million (Score:2)
How the F did they blow through $452 million in what .. 5 years? That doesn't even seem possible.
Re: (Score:2)
Literally(*) peanuts, if you look at how much Meta and OpenAI are blowing through in a year...
(*) pedant martin here: Not literally of course, but a metaphor, transmogrified by modern usage....(sigh.)
Re: (Score:2)
Hiring 800 people (Theranos peak), spending ~110 k on them per year over 5 years, gives this amount. Of course Theranos did not have 800 people continuously, and not all were high pay people, but they also had expensive R&D to pay for.
Re: (Score:2)
She should have gotten life in prison.
Also, her crimes pale in comparison to what Trump commits on a regular basis.
Supreme Court not the final option (Score:4, Informative)
if she misses with the Supreme Court, she can still kiss up to President Trump (or his successors) for a pardon (sigh)
Re: (Score:2)
If she got pardoned there then a US state could go after her?
Re: (Score:2)
She committed these acts, and the fraud was discovered more than 7 years ago, so probably no state can go after her, unless they have already started proceedings. I'm sure in the event this offender managed to secure a pardon from the weirdo in the White house; by the time that happens it will be already
too late for the states to do anything.
Most states have a statute of limitations about 3 years for criminal fraud, Unless the fraud is tax evasion or defrauding the government
which has no time limit. I
Re: (Score:2)
Wouldn't that go against "non bis in idem"?
This wasn't just financial fraud (Score:2)
She risked peoples lives with her scam. She should never get out as a message to others.
She joins a very exclusive club (Score:5, Insightful)
Along with Bernie Madoff and George Santos she fucked with the real money people.
Here in America you can rip off all the little ladies you want but if you make a fool out of somebody with a billion dollars your ass is grass. She's honestly lucky she's not going to die in prison.
Just like how nobody cared how many peasant girls countess bathory killed but as soon as she went after Noble girls she was bricked up.
Re: (Score:2)
"Bottom line the baby boomers have been in charge for the last 30 years. Everything wrong in this world was caused by and is on them."
Bottom line, I'm a bigot.
"If you don't like it fix it stop voting for psychopaths because they have fun rallies and hot blonde chicks in tight sweaters on their news programs."
A bigot who cannot even avoid contradicting myself in consecutive sentences.
Low end too-Calif to decriminalize stealing $25k (Score:2)
[1]https://contracosta.news/2025/... [contracosta.news]
California Bill Seeks to Decriminalize Welfare Fraud - Contra Costa News - April 29, 2025
"The bill, SB 560, was introduced in February by Senator Lola Smallwood-Cuevas aims to address “simple administrative errors” where it would remove criminal penalties of fraud under $25,000. Instead of criminal penalties, it would allow counties to address the fraud administratively. "
And consider how things like property theft, car theft, etc. have prison sentencing ranges in
[1] https://contracosta.news/2025/04/29/california-bill-seeks-to-decriminalize-welfare-fraud/
You're replying to a bot (Score:2)
There's a very strange bot that has been taking my comments and regurgitating bits and pieces of them lately with additions. I suspect somebody trained a simple llm on my comments. It is absolutely hilarious and bizarre to see. He mixes in a few weird bigoted nonsense like the stuff about a transgendered kid (for the record I have a kid but they are quite cis)
The stuff about the baby boomers though did come from me. The boomers have been in charge for 30 years at least I think we're going on 40 now that
Re: You're replying to a bot (Score:1)
Your kid isnâ(TM)t cis, your kid is normal.
Re: (Score:2)
> nobody cared how many peasant girls countess bathory killed
Wow. Had to go back to the 16th century for that one, huh? Until a few years ago, you had grooming gangs using little white girls all over the UK, and no one cared at all. They still don't. Caring means looking at certain unseeable demographic peculiarities.
If you're going to make shit up (Score:2)
At least make it fun. Like the furry litter boxes.
And no matter how much you suck up to Trump he's not going to let you join in on the Epstein parties. And if you try to throw one yourself you going to go to jail. And it still won't be a drag queen.