Theranos' former CEO Elizabeth Holmes has become a mother for the second time just a few days before she is slated to start her jail sentence of 11 years. Now, Elizabeth Holmes is seeking postponement of her jail time citing the birth of her second child reason. For the unversed, founder and former CEO of Theranos Elizabeth Holmes has been sentenced to 11 years in prison for defrauding investors with her Silicon Valley start-up firm. As per US media reports, Holmes’ legal team confirmed that she had indeed given birth in a filing late last week but did not reveal when she gave birth. Now, the question arises if the birth was kept such a secret then how Elizabeth Holmes's second child report came to the fore?
The birth disclosure was part of an ongoing tug-of-war between Elizabeth Holmes’s lawyers and federal prosecutors over her prison term which is slated to begin on April 27. The 39-year-old, who has appealed her conviction and sentence, faces more than 11 years in prison."Ms. Holmes has deep ties to the community. She is the mother of two very young children,” the court filing stated as reported by New York Post adding, "She has close relationships with family and friends, many who submitted letters at sentencing vouching for her good character; and she volunteers with a rape crisis and counseling organization."
It is pertinent to mention here that Holmes was visibly pregnant during a failed bid to throw out her conviction last November. Billy Evans, her fiancé and the father of her first child, had confirmed her pregnancy in a court filing. The couple's first child was born in July 2021, months before she was convicted on multiple counts of fraud for lying to investors about Theranos's technology and finances. The company once drew a $9 billion valuation only to collapse after the Wall Street Journal revealed its machines couldn’t perform many functions that Holmes claimed.
Tom Sizemore health update: 'No further hope' for Saving Private Ryan Actor's family
What is the Theranos scam?
Elizabeth Holmes became a star of Silicon Valley when she said her now-defunct start-up was perfecting an easy-to-use test kit that could carry out a wide range of medical diagnostics with just a few drops of blood. She sold investors on the idea that her invention would disrupt medical practice, replacing expensive lab tests with her cheap kits.But, prosecutors said Holmes knew her device was not producing accurate and reliable results, yet induced dozens of investors to contribute nearly one billion dollars, all without ever achieving meaningful revenue.