gave birth to her second child,One of her lawyers, Amy Saharia, argued that Holmes should be allowed to remain free because of various missteps in the presentation and omission of evidence during her four-month trial that make it likely an appeals court will overturn her conviction on four counts of fraud and conspiracy.
Federal prosecutor Kelly Volkar countered there is “no likelihood for reversal" of Holmes' conviction and asserted that the trial documented seven different categories of deception that she engaged in while running Theranos. Most of the deceit centered on a device dubbed “Edison” that Holmes had boasted would be able to scan for hundreds of diseases and other health problems with just a few drops of blood taken with a finger prick.
Federal prosecutor Robert Leach argued her conviction for engineering a conspiracy justified restitution of nearly $900 million to repay Theranos investors swept up in her lies. “Just to apply common sense, the money these investors lost is the money they put in,” Leach said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Holmes back in court seeking to stay out of prisonDisgraced Theranos founder Elizabeth Holmes appeared in federal court Friday as she seeks to remain out of prison while she appeals her fraud and conspiracy convictions. Wow, getting older Can she developed a machine for that. They haven’t gotten rid of this scam artist yet?
Source: FoxBusiness - 🏆 458. / 53 Read more »
Elizabeth Holmes Back in Court, Fights to Remain Free Amid AppealDisgraced Theranos founder Elizabeth Holmes is in court Friday fighting to remain free as her appeal makes its way through the courts, and her legal team is arguing she shouldn’t have to pay restitution. No way judges need send her 🤬🤬🤬 to jail.. enough is enough! Money. If she was a minority she would be in jail!
Source: nbcbayarea - 🏆 596. / 51 Read more »
Elizabeth Holmes returns to court in bid to avoid prisonSAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax. This women would do anything to manipulate the system and judge...even get pregnant...and why she is so dangerous. Hopefully the judge is wise to it all. hassansrfe It's good to see a woman break the glass ceiling on financial fraud.
Source: AP - 🏆 728. / 51 Read more »