Elizabeth Holmes has finally reported to prison.
She is to serve an 11 year (135 month) sentence, and with changes in US incarceration policies, she could theoretically be out of Prison in 5-6 years.
My guess is that there will be lobbying from many people to get her some sort of clemency, because:
- Her actions are not materially different from those of most Silly Con Valley entrepreneurs, and they want the precedent reversed.
- She is very good at presenting herself as a sympathetic figure, witness Amy Chozick's so bad it should be a fireable offense fawning profile of Elizabeth Warren in the New York Times.
- Being in prison, she is already 60% of the way toward our national obsession about missing blond women.
I could be wrong about my estimate as to her actual time in prison, but I my pessimism is complete on this one.
The clamor for her early release will be like a telethon for overprivileged youth.
Theranos founder Elizabeth Holmes reported to prison on Tuesday to start her 11-year sentence for defrauding investors, marking a closing chapter in the downfall of one of Silicon Valley’s most prominent entrepreneurs after revelations about the company’s unreliable blood-testing technology.
A spokesman for the Bureau of Prisons confirmed Holmes arrived at the Bryan facility Tuesday afternoon local time.
………
Since The Wall Street Journal began publishing its findings about Theranos in 2015, Holmes has been convicted of wire fraud and conspiracy to commit wire fraud in federal court and settled separate civil securities-fraud charges brought by the Securities and Exchange Commission. As part of the settlement, she paid a $500,000 fine and was banned from being an officer or director of any public company for 10 years.
0 comments :
Post a Comment