$900 million back to investors, 11 years prison Elizabeth Holmes?

By Setmynews.com Date 18/03/2023 By Setmynews.com Date 18/03/2023 Business and Finance Business and Finance SetMyNews.Com SetMyNews.Com Image - Foxbusiness.com Image - Foxbusiness.com

Elizabeth Holmes who was found guilty last year in January 2022, was convicted on three counts of criminal wire fraud

[{"selector":"#anim-405794ad-50bd-458c-8f37-227215fdcc0b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91b21ac4-aa12-406f-8af1-8d599669103b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit -economictimes.indiatimes.com Image Credit -economictimes.indiatimes.com

and one count of conspiracy to commit wire fraud. Also, the jury found her guilty of illegally fleecing investors, out of millions of dollars.

[{"selector":"#anim-483347c7-6561-4565-8485-2ed6e464d9c7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39d463dc-0022-4872-ab45-6a7cf680432c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.7027604547688224%, -21.739128675953328%) scale(1.434782608695652)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

For this Elizabeth Holmes was sentenced to 11 years and 3 months in prison by U.S. Federal District Court Judge Edward Davila in November 2022.

[{"selector":"#anim-778ce449-7f9c-4822-9b77-fd6ec9698e1a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49662e01-984f-4434-bf62-53035af24d39 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(22.522522522522525%, -22.522520037690047%) scale(1.4504504504504505)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit - aljazeera.com Image Credit - aljazeera.com

Also, the court gives permission to Holmes out of custody for the delivery of her second child.

[{"selector":"#anim-112b744c-13e8-41d8-a601-d94d2f895a19","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8011d1d2-f638-4257-aa5f-edbee125d256 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit - The New York Times Image Credit - The New York Times

Against the court order, for her surrender to incarceration on April 27, 2023, and post-trial arguments.

[{"selector":"#anim-6f0b0a49-8083-4f5d-b10b-9f9abe90c581","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5457acce-2084-420e-b16d-d373f4ab397c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit -economictimes.indiatimes.com Image Credit -economictimes.indiatimes.com

On Friday, A San Jose federal district court judge heard other disputes between the parties including the

[{"selector":"#anim-5b7e1459-05e6-4667-ac47-1f4de8d827a8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54ea3d9f-0f7b-4313-aa0e-c2ac979ab44c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.796296310117768%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

government’s request for Holmes to pay $878 million in restitution to the investors that prosecutors

[{"selector":"#anim-e8626854-02b9-46a8-9857-f2990accf76d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceaf34a0-65d6-4b8e-87b0-c753363c062a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Say were victims of Holmes’ fraud, and also Elizabeth Holmes’ bid to remain out of federal prison.

[{"selector":"#anim-cfd86e6f-e000-4551-9f17-baa0509037e7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cc73941-9532-41ec-a911-740368ae429e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.0370370444534345%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Setmynews.com Setmynews.com

It is also known that Elizabeth Holmes's attorneys have wanted to appeal Holmes' case to the 9th Circuit Court of Appeals.

[{"selector":"#anim-eecb104d-9c42-45e1-a212-d5185a83f479","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15c0351d-71ca-4225-9fc3-686abdb43da9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(22.123893805309734%, -22.052985951294705%) scale(1.4424778761061947)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image - aljazeera.com Image - aljazeera.com Learn more

ultimately empowered to decide, if Holmes must follow judge Davila’s order and report to prison, or may remain free as it considers the merits of her appeal.

[{"selector":"#anim-ab59c158-5b9a-44f5-9a20-b585871c1aa1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc0dc290-4142-4146-89cf-cc8df5ce1ad0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit -economictimes.indiatimes.com Image Credit -economictimes.indiatimes.com