
Disgraced Theranos CEO Elizabeth Holmes cited her newborn child as another reason she should be allowed to delay the start of her more than 11-year prison sentence as her lawyer appeals her conviction for lying to investors about the company’s failed blood test capabilities. technology.
The birth of Holmes’ second child was confirmed in court documents filed last week ahead of a March 17 hearing on her bid to remain free during an appeals process that could take years.
The filing did not reveal the child’s birth date or gender, but the news did not come as a surprise. Holmes, 38, was pregnant at the time of her November 18 sentencing in the same San Jose, California, courtroom where the jury convicted her of four counts of fraud and conspiracy.
The start of the trial was delayed so that Holmes could give birth to her first child, a son. Holmes has two children with her current partner, William “Billy” Evans. She met Evans after a 2016 break-up with her former lover and business partner, Ramesh “Sunny” Balwani, who was convicted on 12 counts of fraud and conspiracy in a separate trial.
Balwani, 57, also tried to convince U.S. District Judge Edward Davila to delay the start of his nearly 13-year prison sentence. A hearing on his request was held earlier this month, but Davila has yet to issue a decision.
Holmes did not cite her two children as the only reason she should be allowed out of prison during her appeal. His lawyer argued that the various mistakes and abuses committed during his trial made it possible that his conviction would be overturned. the indictment is evidence that he is not a flight risk or a danger to the public.
Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter that examines what leaders need to succeed. Log in here.