It’s said that no one mourns the wicked, but most of the time, the wicked don’t really care anyway. In the case of Elizabeth Holmes, prosecutors say that she is exhibiting no signs of remorse to her victims, despite the considerable harm and detriment her company Theranos has brought to them.
In a new court document filed this week, it was revealed that Holmes is still living comfortably in an estate that costs $13,000 a month to maintain. Homes had previously submitted cash flow statements to the US probation office which confirmed the pricey upkeep as well as her residency on the estate for a period of over a year.
“[Holmes] continues to show no remorse to her victims,” said prosecutors in the document.
Holmes founded Theranos, a health and wellness company, back in 2003 after dropping out of Stanford. The start-up promised comprehensive and accurate blood testing with just a single drop of blood, a feat that was later discovered to be nothing more than a farce. Still, Theranos managed to grow to a staggering $9 billion, defrauding investors of more than $700 million according to Investopedia.
Holmes was found guilty of four fraud charges and sentenced to 11.25 years in prison. She appealed her conviction in early December, asking that her travel restrictions be eased. Her request is based on “vague references” made to her partner Billy Evans’s work schedule, even though she herself has listed Evans’s salary as $0.
Prosecutors are urging Holmes to begin serving her custodial sentence as is required under the justice system and to answer for the crimes that she committed nearly a decade ago. Currently, Holmes is expected to report to prison on April 27, 2023.
“There are no two systems of justice — one for the wealthy and one for the poor. There is one criminal justice system in this country.”