the staff of the Ridgewood blog
Ridgewood NJ, “Woke” darling Elizabeth Holmes, the founder of shuttered blood testing company Theranos, was sentenced to 135 months, or 11 1/4 years, in prison on Friday for defrauding investors. The sentence falls short of the maximum possible punishment for Holmes, who faced as many as 20 years in prison. Holmes has been ordered to serve three years of supervised release after the sentence. Holmes offered a tearful apology before the judge issued the sentence, quoting the poet Rumi, “Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.”
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Elizabeth Anne Holmes is an American former biotechnology entrepreneur and convicted fraudster. In 2003, Holmes founded and was the chief executive officer of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing methods that could use surprisingly small volumes of blood, such as from a finger prick.
Ordered to report to prison April 27 ,the sentencing marks the latest development in a legal saga that has turned the former billionaire entrepreneur into an emblem of Silicon Valley scamster and malfeasance. Holmes faced a sentence of 20 years for each of four counts, but legal experts expected the sentences to be served at the same time, giving her a maximum sentence of 20 years.
Prosecutors appealed for Holmes to be sentenced to 15 years in prison, calling it “one of the most substantial white collar offenses” in Silicon Valley history. “She repeatedly chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors,” Assistant U.S. Attorney Robert Leach wrote in the request last Friday. “Elizabeth Holmes’ crimes were not failing, they were lying.”
I started the Hulu series last night. I was hoping it was more of a documentary.
So far so good however.
What is woke about her? A fraud, sure. But why woke?
Absolutely nothing .
Absolutely Everything.
She was a major woke pusher until the wheels came off and then the Left made her enemy number 2. Trump was number 1.
There will be no more stories about this.
Circle the wagons.
Bury the skeletons.
Move on.
Too good to be true, a proud graduate of the snake oil sales training…
Kind of looks like Chelsea Clinton.
And that ain’t good.
Chelsea Clinton wished she looked that good…
Can she pay any of the money back with bitcoin?