Posted on Jan 21, 2024
Elizabeth Holmes banned from federal health programs for 90 years
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Posted 10 mo ago
Responses: 3
Basically a lifetime ban for her and her COO
Holmes was sentenced to roughly 11 years in prison — starting in May 2023 — for lying to investors about the capabilities of her blood-testing technology. That sentence was reduced by two years in July.
“The statutory minimum for an exclusion based on convictions like Holmes’s is five years. When certain aggravating factors are present, a longer period of exclusion is justified,” the OIG said in a statement. “The length of Holmes’s exclusion is based on the application of several aggravating factors, including the length of time the acts were committed, incarceration, and the amount of restitution ordered to be paid.”
Holmes was sentenced to roughly 11 years in prison — starting in May 2023 — for lying to investors about the capabilities of her blood-testing technology. That sentence was reduced by two years in July.
“The statutory minimum for an exclusion based on convictions like Holmes’s is five years. When certain aggravating factors are present, a longer period of exclusion is justified,” the OIG said in a statement. “The length of Holmes’s exclusion is based on the application of several aggravating factors, including the length of time the acts were committed, incarceration, and the amount of restitution ordered to be paid.”
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Well...good. I hope she enjoys her time in prison. She deserves every second of her sentence.
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