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Elizabeth Holmes attempted ‘to flee the country,’ prosecutors allege



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Elizabeth Holmes, the former Theranos CEO, booked a one-way airplane ticket to Mexico that was scheduled to depart simply weeks after she was convicted of fraud in January 2022, a latest courtroom submitting says. In the doc, filed on Thursday, prosecutors describe the reserving as an “attempt to flee the country.”

Government attorneys discovered of the flight — departing Jan. 26, 2022 — on Jan. 23, and alerted Holmes’s authorized group by e mail. They replied that she had booked the flight earlier than the verdict in the hope she would be capable to attend a marriage in Mexico. Holmes canceled the ticket, “but it is difficult to know with certainty what Defendant would have done had the government not intervened,” the plaintiffs wrote.

The submitting was in response to a movement made by Holmes, 38, to loosen restrictions positioned on her area of journey. In order to take action, Holmes has to show that she isn’t a flight threat, a requirement prosecutors say she failed to satisfy.

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In November final yr, Holmes was sentenced to greater than 11 years in jail after her Jan. 3, 2022, conviction on 4 counts of wire fraud and conspiracy to commit wire fraud. She was given a self-surrender date of April 27, 2023, after the courtroom discovered she was pregnant together with her second little one.

Holmes posted a $500,000 bond secured by her dad and mom’ house, her movement stated, and has been dwelling on an property in California with a reported month-to-month repairs of greater than $13,000, in response to the prosecutors’ submitting.

Elizabeth Holmes sentenced to greater than 11 years in jail

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She justified her request for the expanded journey primarily based on her associate’s work commitments, and in addition recorded his wage as $0 regardless of “asserting that her partner pays the monthly bills rather than her,” the plaintiff’s doc stated.

Her attorneys argued of their movement that Holmes “has strong ties to her partner and family, including her son and soon-to-be-born child, that incentivize her to comply with her conditions of release.”

Holmes based lab testing start-up Theranos in 2003 at age 19, promising expertise that might conduct tons of of medical assessments with only a few drops of blood. The firm attracted tons of of tens of millions of {dollars} in funding from distinguished buyers together with Rupert Murdoch and Walmart’s Walton Family. Former protection secretary James Mattis was on the board of administrators.

But Holmes’s picture as a younger, promising CEO unraveled when it was ultimately found that Theranos relied on different firms’ expertise to conduct the assessments, and that she led what the Thursday submitting calls “an elaborate fraud scheme that resulted in more than a hundred million dollars of loss, with no consideration of the patients she endangered and with no remorse to this day toward the investor-victims.”

“There are not two systems of justice — one for the wealthy and one for the poor — there is one criminal justice system in this country,” the plaintiffs added.



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