The infamous Elizabeth Holmes of Theranos fame has been ordered by U.S. District Judge Edward J. Davila to report to the US Federal Prison Camp in Bryan, Texas to begin serving a sentence of 11 years and three months for defrauding investors out of $900,000,000 US dollars (the actual figure is well above $1 billion US.) on May 30, 2023. Elizabeth, her 10 years younger husband, her two small children, and probably her mother will board a flight at San Francisco International Airport. They will fly to George Bush International Airport in Houston. They will rent a car. They will then drive to Bryan, Texas (The home of Texas A and M University.) Around noon Central Standard Time, Elizabeth will surrender herself at the Federal Prison Camp. She will go to receiving and discharge. She will be required to strip naked and submit to a detailed search including a cavity search. She will be issued prison uniforms and basic hygiene supplies. She will be escorted to a dorm and assigned a bunk in a dorm with other female prisoners. She will not be released until 9 years later. She might get a three-day furlough from time to time to visit her husband and two children. She may be allowed to transfer to a halfway house in the last six months of her sentence. When she regains her freedom at age 47 years, her husband will be long gone and with another woman. To her two children, the mother will be a stranger.
Elizabeth was given a massive fortune and the opportunity to do
some good for all of us. Right now, she could be a billionaire
several times over. She could have had fame and adulation worldwide. She
could have had a place in history like Steven Jobs. She squandered this
opportunity. She drove one brilliant scientist who could have made it
happen to suicide. She failed to listen to brilliant engineers who could have
made it work. The money, power, and fame literally went to her head. She missed
a golden opportunity.
Elizabeth is lucky that she had a very nice US District Court judge
known for giving easy sentences. Had she been in New York City, L.A., Oakland,
Dallas, or Houston, she would have got a sentence in the range of
twenty-five years. One particular judge in Houston (Judge Hittner) would have
given her a sentence between 100 years and 110 years.
None of us will be fortunate enough to get an opportunity like this.
Please do not feel sorry for Elizabeth.
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