Elizabeth Holmes loses bid to stay out of prison during appeal of sentence
abc.net.au
abc.net.au
https://news.ycombinator.com/item?id=35531252 (81 comments)
https://news.ycombinator.com/item?id=35528281 (272 comments)
https://news.ycombinator.com/item?id=35523513 (55 comments)
The same thing happened with SBF: The Reddit/HN near-consensus was that he was too rich to ever face consequences, but then the system chugged along and is working just fine.
Do you think it’s because it’s more of a hassle to go after people who can afford lawyers or because white collar crime is actually down? I think it’s the former.
How often are we seeing blatant public crimes by wealthy people (like Holmes, SBF, Epstein, etc) get shrugged off the by system? The parent comment implies that rich people can do crimes in public, get caught, then not suffer the consequences. I’m asking where this belief comes from, because it’s weirdly prevalent on HN, Twitter, Reddit, and other social medias despite not reflecting the realities.
I find it hard to believe that in the age of NFTs and dogecoin and whatever crypto bullshit that white collar crimes are down.
It's not a trope, it's a pretty logical thing, sadly. Maybe not entirely immune but, when caught, for any crime, rich people can afford expensive lawyers who'll be able to search for any technicality, loophole, problems with the arrest and so on. That's not even considering corruption like getting a friendly judge because your father/uncle or whatever went to college with the right people.
Imagine the exact same crime, let's say selling cocaine. One person grew up in the ghetto and has to use the free public prosecutor. The other is the son of a millionaire. Which one do think will do more prison time?
The claim was that Holmes wouldn’t do any prison time. I’m specifically asking why so many people are convinced that wealthy people suffer no consequences for their crimes, not why they think expensive lawyers can do a better job.
This https://en.wikipedia.org/wiki/Trial_and_sentencing_of_Robert... is what happens when they don't step on the wrong toes.
Also, we have a sitting Supreme Court justice who has accepted millions of dollars in "gifts." It doesn't look like anything is going to happen to him. And this type of egregious transgression is just what we know about. It should be clear that Clarence Thomas' behavior is not some crazy outlier. Many politicians seem closer to billionaires than to general members of the public.
Serious question: If it was on the other shoe, would most people have remained on bail all this time to have two children after what Elizabeth Holmes did?
But this is a twofer. It also helps ensures that blood tests stay one-offs and cost top dollar for decades to come. It’s cold fusion all over again. Research in the area has suffered a convenient death blow.
Also that one time their lab got massively contaminated with ebola dna (apparently less bad than it sounds). No charges for creating an unsafe work environment or misleading public health officials on their ability to meaningfully perform ebola tests at (I think it was) airports.
Ian Gibbons unfortunate death. Silence.
https://www.businessinsider.com/elizabeth-holmes-theranos-pl...
https://www.cbsnews.com/sanfrancisco/news/theranos-trial-eli...
As long as you don't try to defraud richer people more connected and powerful than you anything goes in America...
Maybe we are so accustomed to upper class wealthy people committing white collar crime to never be held accountable that it’s news when they actually do serve prison time.
Regarding SBF I’m still appalled how he’s treated with so much leeway, lesser people would be treated quite differently. I still feel like there is really different prison systems for the rich and poor. Maybe I’m wrong.
> Epstein's cell door was left unlocked, and he had access to the attorney room where a television was installed for him, before he was moved to the Stockade's previously unstaffed infirmary. He worked at the office of a foundation he had created shortly before reporting to jail; he dissolved it after he had served his time. The Sheriff's Office received $128,000 from Epstein's non-profit to pay for the costs of extra services being provided during his work release. His office was monitored by "permit deputies" whose overtime was paid by Epstein. They were required to wear suits, and checked in "welcomed guests" at the "front desk". Later the Sheriff's Office said these guest logs were destroyed per the department's "records retention" rules (although inexplicably, the Stockade visitor logs were not).[117] Epstein was allowed to use his own driver to drive him between jail and his office and other appointments.
Even the US DOJ is aware of it.[1]
[1] https://www.ojp.gov/ncjrs/virtual-library/abstracts/rich-get...
Low interest rates allowed hundreds of startups to make promises of growth and profit, but all they did was burn investor money (and pay themselves). So when one of the biggest overpromise/under-deliver offenders goes to jail, it becomes schadenfreude for all of us.
Overpromising is something that investors expect, if not even require - startups are all about doing long shot bets, with 5% chance of doing something brilliant and 95% of failing.
He's still innocent until proven guilty in a court of law.
What is the the justification for locking him up unless he's convicted?
Is there a risk he'll start another fraudulent crypto exchange or hedge fund?
I think people should stop assuming malice where other, equally probable, rationales could apply. Let’s give the benefit of the doubt.
To be honest, this comment makes my blood boil. Her "last change biologically"? This is not some career/investment/whatever cold calculation. This is not about her, it's about the kids. Having kids is not a right, it is instead a possibility that comes with serious responsibility.
> I think people should stop assuming malice where other, equally probable, rationales could apply. Let’s give the benefit of the doubt.
I wonder if the same "benefit of the doubt" would be so readily applied to a poor person. I can picture the scenario: some poor woman that is likely going to face a long prison sentence decides to have two kids meanwhile. I can very well imagine what people would say in this case.
[1] https://www.wsj.com/livecoverage/elizabeth-holmes-sentencing...
Why should I care about this convicted criminal over all the others?
I have no sympathy for this white collar criminal, she doesn't affect my life in any way, she's completely irrelevant to my day to day life.
Why should I give the benefit of the doubt to her over say, someone from Enron or a convicted rapist?
Having kids well knowing that she would be going to jail is well in the territory of 'Evil'