Elizabeth Holmes resists authorities efforts to element her CEO way of life

Elizabeth Holmes, founder and former CEO of Theranos, arrives for movement listening to on Monday, November 4, 2019, on the U.S. District Courtroom Home inside Robert F. Peckham Federal Constructing in San Jose, California.

Yichuan Cao | NurPhoto | Getty Pictures

Elizabeth Holmes’ attorneys strongly pushed again in opposition to the federal government’s makes an attempt to element her extravagant way of life earlier than a jury, saying the transfer “dangers invoking class prejudice” that’s irrelevant to her felony case.

Holmes, who’s dealing with a dozen felony wire fraud costs, earned a wage and advantages commensurate along with her place as CEO of Theranos, her attorneys wrote in court docket paperwork filed late Tuesday.

The federal government has argued that Holmes’ high-flying way of life was fueled by her fraud.

Her attorneys say that is merely unfaithful.

They write the proof says nothing about her motive, “if it did any CEO might be mentioned to have a motive to commit fraud. Somewhat the actual worth of the proof to the federal government is to color a (deceptive) image of Ms. Holmes as a lady who prioritized vogue, an opulent way of life, and fame, and to ask a referendum on startup and company tradition.”

Introducing particulars of Holmes’ spending, her attorneys wrote, can be a waste of time, including that her so-called luxurious journey lodging look like accepted by the Theranos board and justified by a busy journey schedule.

“Proof relating to the acquisition of high-priced clothes, make-up and self-care merchandise, and different items (once more, none of that are alleged to be past her means), which the federal government intends to introduce by means of in any other case irrelevant emails by Ms. Holmes’ private assistants, doesn’t set up a motive to commit fraud” Holmes’ attorneys wrote, including that it as an alternative “seeks to inflame by interesting to stereotypes of sophistication and gender.”

Holmes usually wore a black turtleneck sweater, a picture she cultivated in print and broadcast media. Her attorneys level out that a lot of her clothes was bought for work occasions, including “the federal government ignores that Ms. Holmes was criticized for carrying the identical outfit each day.”

Holmes’ attorneys argue her motive for creating wealth as a CEO is “a proposition that might apply to anybody, whether or not wealthy or poor.”  

Final month, prosecutors mentioned the truth that Holmes’ gained a wide range of tangible and intangible advantages “tends to point out that she supposed to defraud to be able to receive these advantages.”

Holmes, a Stanford dropout, had a six-figure wage and a billion greenback stake in Theranos till the corporate shut down in 2018.

One of many themes that has emerged within the authorities’s voluminous case filings has been that Holmes was extra motivated by cash and fame than revolutionizing the health-care trade.

https://www.cnbc.com/2021/02/17/elizabeth-holmes-resists-government-efforts-to-detail-her-ceo-lifestyle.html