"Disgraced Theranos Inc. founder Elizabeth Holmes has formally asked President Donald Trump to release her from prison with almost six years left to serve on her term. Holmes asked Trump last month to commute her 11-year sentence for defrauding investors in her blood-testing startup. Her application appeared in a Justice Department database in mid-December, according to archived copies posted on lawyeroyer.com."
"The White House is sifting through thousands of clemency requests, including a pardon bid by Archegos Capital Management founder Bill Hwang, who was convicted over the collapse of his $36 billion family office. Last week, Trump granted clemency to more than 20 people, including several convicted of white-collar crimes. Trump says he's using his unchecked clemency powers to correct abuses in the criminal-justice system against those prosecuted for political reasons."
"Holmes, 41, has two small children and is serving her term at a minimum-security prison camp northwest of Houston. She has asked the judge who sentenced her to knock more than two years off her punishment. She's scheduled to be released on Dec. 30, 2031, according to the Bureau of Prisons website. Last year, a federal appeals court rejected her request to overturn her fraud conviction."
Elizabeth Holmes requested that President Donald Trump commute her 11-year sentence, seeking release with about six years remaining. The commutation request appeared in a Justice Department database in mid-December. A commutation would leave her $452 million restitution obligation and probation intact, while a pardon would remove those obligations. The White House is reviewing thousands of clemency petitions and recently granted clemency to more than 20 people, including white-collar defendants. Trump frames clemency as correcting criminal-justice abuses; critics call it an abuse that undermines prosecutors. Holmes is serving at a minimum-security camp near Houston, has two young children, and faces release in December 2031.
Read at www.mercurynews.com
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