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Elizabeth Holmes gave birth to her second child and wants to delay her prison sentence

2023-03-02T22:35:05.527Z


Elizabeth Holmes, the former Theranos CEO convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with.


The rise and fall of a Silicon Valley star 2:29

New York (CNN) --

Elizabeth Holmes, the former Theranos CEO convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with.

Last week's court filing marks Holmes's first public acknowledgment of having given birth to her second child.

Holmes was pregnant during her November 2022 sentencing.

  • How Elizabeth Holmes went from being "the next Steve Jobs" to being found guilty of fraud and conspiracy

His lawyers gave various reasons for delaying his prison sentence pending an appeal of his conviction, arguing that he is not a flight risk or a danger to the community.

He also said that she has "two little boys," but did not reveal when her second child was born or her gender.

In a January filing, prosecutors said Holmes tried to flee to Mexico.

“The Government became aware on January 23, 2022 that Defendant Holmes booked an international flight to Mexico departing on January 26, 2022, with no scheduled return trip,” the court filing says.

“Only after the government raised this unauthorized flight with the defense attorney was the trip cancelled.”

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Holmes's criminal trial was initially delayed from March 2021 to August 2021 because she was pregnant with her first child.

She has been married to her husband Billy Evans since 2019.

Did Elizabeth Holmes seek to flee to Mexico after trial in the US?

0:39

Last year, Holmes was sentenced to more than 11 years in prison for defrauding investors while running Theranos, the failed blood-testing start-up.

The sentence also includes a fine of US$400 or US$100 for each count of fraud.

The refund will be fixed at a later date.

Holmes was ordered to surrender into custody on April 27, 2023, and is appealing his conviction.

A hearing has been scheduled for March 17.

Holmes founded Theranos in 2003 at the age of 19 and shortly thereafter dropped out of Stanford University to pursue the company full-time.

After a decade under the radar, Holmes began courting the press with claims that Theranos had invented technology that could accurately and reliably assess a variety of conditions using just a few drops of blood drawn from a finger prick. .

Theranos raised $945 million from an impressive list of investors, including media mogul Rupert Murdoch, Oracle founder Larry Ellison, the Walton family of Walmart and the billionaire family of former Education Secretary Betsy DeVos.

At its peak, Theranos was valued at $9 billion, making Holmes a billionaire on paper.

She was praised on magazine covers, often donning a signature black turtleneck that she invited comparisons to the late Apple CEO Steve Jobs.

The company began to unravel after a

2015

Wall Street Journal investigation found that Theranos had only performed about a dozen of the hundreds of tests it offered using its proprietary blood-testing device, and with questionable accuracy.

Instead, Theranos used devices made by third parties from traditional blood testing companies.

Elizabeth HolmesTheranos

Source: cnnespanol

All news articles on 2023-03-02

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