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US senators and prosecutors have argued that Elizabeth Holmes, the convicted founder of Theranos Inc., should undergo jail as scheduled in April rather than continue to reside in a luxurious mansion while she files an appeal.
"While Holmes fought fraud accusations, she maintained a home for $13,000 per month, had two children, and 'continues to demonstrate no remorse,' according to government attorneys.
Prosecutors claimed that Holmes is now trying to escape the country following her sentence by requesting a relaxation of travel restrictions and making "vague references" to the work of her partner Billy Evans.
Prosecutors stated in the document: "On January 23, 2022, the government learned that defendant Holmes had booked an international ticket to Mexico departing on January 26, 2022, with no scheduled round trip." The trip was only cancelled when the government brought up this unapproved flight with the defence attorney.
The former Theranos CEO had made the reservation before the verdict and wanted to attend the wedding of a close friend in Mexico, according to an attachment to the submission from Holmes' lawyer, Lance Wade, to the prosecution on January 23.
Given the decision, she does not intend to travel; as a result, Wade wrote, she did not notify anybody in advance, request permission, or request access to her passport (which the government already has) for the trip.
On December 2, Holmes filed an appeal against her conviction, two weeks after she was given an 11 and a half-year prison term for defrauding investors in her blood testing firm. She argued that she shouldn't be detained because there is no chance that she will run away and because she will bring up "serious concerns" that might require a fresh trial. March 17 is the date of a hearing.
The United States claimed in a complaint on Thursday that "despite the seriousness of her behaviour, the defendant has failed to acknowledge the fraudulent nature of her conduct, which increases the likelihood that she would repeat it in the future." According to the prosecution, when probation officers questioned Holmes, she revealed a list of her patents relating to blood tests and stated that she intended to continue working on them as a future source of income. In addition, the government claimed Holmes was unable to demonstrate "that she is not a danger to the community."
After Holmes was found guilty, U.S. District Judge Edward Davila granted her a "generous" 4½ months to have her second child before she was sentenced to prison. However, the "time has come" for Holmes to serve her prison term for the crimes she committed. Prosecutors said that roughly ten years ago. There is only one criminal justice system in this country; there are not two justice systems, one for the rich and one for the poor.
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