{"id":628390,"date":"2023-04-12T09:49:32","date_gmt":"2023-04-12T14:49:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/12\/judge-rejects-elizabeth-holmes-bid-for-freedom-while-awaiting-appeal\/"},"modified":"2023-04-12T09:49:32","modified_gmt":"2023-04-12T14:49:32","slug":"judge-rejects-elizabeth-holmes-bid-for-freedom-while-awaiting-appeal","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/12\/judge-rejects-elizabeth-holmes-bid-for-freedom-while-awaiting-appeal\/","title":{"rendered":"Judge rejects Elizabeth Holmes\u2019 bid for freedom while awaiting appeal"},"content":{"rendered":"
\n

A federal judge denied Holmes\u2019s motion for release on Monday as she appealed her conviction on four counts of fraud and conspiracy, as reported<\/a> by The Guardian<\/em>. As a result, the Theranos founder is scheduled to report to prison on April 27th.<\/p>\n

Holmes has appealed her conviction to the federal ninth circuit court of appeals based on questions about the \u201caccuracy and reliability\u201d of evidentiary and procedural issues in the trial. However, US district court judge Edward Davila ruled<\/a> Monday that the appeals didn\u2019t meet the burden of a \u201csubstantial\u201d questioning of facts or law. According to the judge, the request didn\u2019t address the conviction\u2019s underlying wire-fraud issues against investors. Therefore, it wouldn\u2019t warrant a reversal or new trial (the legal standard for remaining free pending appeal) even if the appeals court agreed with her assertions.<\/p>\n

However, the judge ruled against prosecutors hoping to brand Holmes as a flight risk after learning that her partner bought her a one-way ticket for a flight to Mexico. Although the judge described the ticket purchase (and failure to cancel it post-conviction) as a \u201cbold move\u201d and \u201cperilously careless oversight,\u201d he gave her the benefit of the doubt, ruling she was \u201cnot likely to flee or pose a danger\u201d to the public.<\/p>\n

Last November, the Theranos founder was sentenced to over 11 years in prison<\/a> for defrauding investors after a jury found her guilty<\/a> last January. Founded in 2003, Theranos claimed to produce a long list of revealing health results using only a single drop of a patient\u2019s blood. The company raised hundreds of millions of dollars from high-profile investors before internal whistleblowers sourced a 2015 Wall Street Journal<\/em> story revealing that the startup\u2019s underlying technology was bogus. The story has since become a cautionary tale<\/a>, with podcasts, books and a recent Hulu miniseries cashing in on the one-time Silicon Valley golden child\u2019s downfall.<\/p>\n<\/div>\n

Read More<\/a>
\n Will Shanklin<\/p>\n","protected":false},"excerpt":{"rendered":"

A federal judge denied Holmes\u2019s motion for release on Monday as she appealed her conviction on four counts of fraud and conspiracy, as reported by The Guardian. As a result, the Theranos founder is scheduled to report to prison on April 27th. Holmes has appealed her conviction to the federal ninth circuit court of appeals<\/p>\n","protected":false},"author":1,"featured_media":628391,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[559,23407,46],"tags":[],"class_list":{"0":"post-628390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-judge","8":"category-rejects","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/628390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=628390"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/628390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/628391"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=628390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=628390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=628390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}