Federal prosecutors say that Elizabeth Holmes booked a flight to Mexico departing on Jan. 26, 2022, just weeks after she had been convicted of four counts of wire fraud for deceiving investors.
Ramesh “Sunny” Balwani was convicted of 12 felony counts related to the fraud at the company, Theranos, that Elizabeth Holmes founded, and received a longer sentence than Holmes.
Elizabeth Holmes’ “soon-to-be-born child” will “incentivize her to comply with her conditions of release,” the disgraced Theranos founder’s lawyers wrote in a newly filed motion.
Elizabeth Holmes, who was convicted of three counts of felony wire fraud and felony conspiracy to commit wire fraud, was sentenced to 11.25 in prison during a hearing in federal court on Friday.
“[Elizabeth Holmes] repeatedly chose lies, hype, and the prospect of billions of dollars over patient safety and fair dealing with investors,” prosecutors wrote in a lengthy sentencing memorandum asking for 15 years behind bars and $803M in restitution.
Holmes' lawyers had argued that a prosecution witness' effort to make personal amends did not amount to grounds to declare a mistrial, and scheduled her sentencing for Nov. 18.
A former employee, Adam Rosendorff, who allegedly tried to clear the air with Elizabeth Holmes after testifying against her revealed in court that he understood her to be pregnant with her second child.
Former Theranos laboratory director Adam Rosendorff tried to engage Elizabeth Holmes in a "healing" conversation at her home after her conviction. Her lawyers say it's grounds for a new trial — but prosecutors and Rosendorff disagree.
Ramesh "Sunny" Balwani helped run blood-testing company Theranos with Elizabeth Holmes, but the technology they touted to investors and patients never worked as promised.
After multiple COVID-19 related delays, the trial for Elizabeth Holmes' ex boyfriend and business partner, Ramesh "Sunny" Balwani, is finally underway.
