Prosecution asked for 15, 11 to 14 was the guideline.

ouch! that's a LONG fall for this gal...

Followed by 3 years supervised release.

Judge:

"Failure is normal. Failure by fraud is not ok."

"What is the pathology of fraud? The inability to accept responsibility?"
..

Coming next, financial penalty. $120m mentioned in the hearing today.

Okay with me...

Her surrender date is late April; she will have her baby outside prison.



Edited 1 time(s). Last edit at 11/18/2022 04:21PM by Lemon Drop.

Wait until they sentence the FTX team! How many decades will THEY get...

....that's a run-on.....sentence....

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_____________________________________

I reject your reality and substitute my own!

Not to wish ill on anyone, for me personally this is gratifying.

....she is pregnant with her 2nd child....

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_____________________________________

I reject your reality and substitute my own!

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NewtonMP2100
....she is pregnant with her 2nd child....

Yep, she will have the baby before she surrenders herself in late April.

She's 38, and knew she was headed to prison for a long time. Last chance to have children. They'll be raised by her husband and Mom.

Devastating for that older child, who obviously has bonded with her.



Edited 1 time(s). Last edit at 11/18/2022 04:30PM by Lemon Drop.

She'll be in Minimum Security which has very liberal visitation. It won't be easy but the children will be able to see her regularly. Somewhat akin to supervised visitation after a divorce. Not being able to give the baby the nutrients and immunity from breastfeeding is sad for the child.

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“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late

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Ombligo
She'll be in Minimum Security which has very liberal visitation. It won't be easy but the children will be able to see her regularly. Somewhat akin to supervised visitation after a divorce. Not being able to give the baby the nutrients and immunity from breastfeeding is sad for the child.

Federal inmates get 4 hours of visitation per month, normally. She will likely be in a prison far from where her family lives, unless they move. Even with more visitation time, it is horrible.

The visits are in one big public room, there is no privacy, and the time of course is restricted.

Sorry, but this is nothing like supervised visitation after divorce, where the setting can be made very child friendly and visits can be frequent.

There is a lot of mythology about "minimum security prison," it is still prison and it is hell for families with young children.

[www.bop.gov]

Especially for the children’s sake, I wish this had never happened. Scamming rich, powerful people is the sure way to prison. They probably know how to do it to others and not get caught.

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Where is there dignity unless there is also honesty? - Cicero

The luster is gone...

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Ammo
Especially for the children’s sake, I wish this had never happened.

Would she have had the children if not for the trial?

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Ammo
Especially for the children’s sake, I wish this had never happened. Scamming rich, powerful people is the sure way to prison. They probably know how to do it to others and not get caught.

Apparently she didn't learn how to do it and not get caught. She came from money. Her father was a VP at Enron at one point, and she grew up with other well off families around.

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sekker
Wait until they sentence the FTX team! How many decades will THEY get...

I heard Ken White interviewed about the FTX guys. He laughed and said the sentencing guidelines amount for fraud stops at $500m. So the sky's the limit.

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JoeH

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Ammo
Especially for the children’s sake, I wish this had never happened. Scamming rich, powerful people is the sure way to prison. They probably know how to do it to others and not get caught.

Apparently she didn't learn how to do it and not get caught. She came from money. Her father was a VP at Enron at one point, and she grew up with other well off families around.

She started this whole gambit when she was 19 years-old. Tell me she didn't have (mis)guidance from the gitgo.

11 years for 700 million in fraud.
4,109 days.
Works out to one day per $170,000.

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San Antonio, TX (in the old city)


"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke
“Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented." - Eli Weisel

"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." - Theodore Roosevelt (1918)

"I don’t want to see religious bigotry in any form. It would disturb me if there was a wedding between the religious fundamentalists and the political right. The hard right has no interest in religion except to manipulate it." - Billy Graham 1981

"Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise" - Barry Goldwater

She's got plenty of time to make new friends, especially with her grift of gab.

I'm ok with the sentencing, but would have been more OK with 15yrs and supervised release for 3-5yrs.

But it's more than I thought she'd, somewhere in the single digits.

I think it's appropriate, and I'd like to see insurrectionists related criminals get equally appropriate (read: longer) sentences.

---

I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.

is there anything in the sentencing guidelines that says she cannot profit from selling the book or movie rights?
or her husband?
or children?

US TV is a sap for 5h1th3@d$.

Is there anything that proves she DID NOT manage to skim a couple off the top before the whip came down?

who'd she defraud for $700M? Other hedge fund type scum?
or ma & pa kettle?

forgive me for being a cynic about this.

"I've seen too much in too few years."

---

!#$@@$#!

proofraed by OwEn the c@t.



Nobody remembers their first download, but everyone remembers their 1st LP.

I have a friend who is in a low security federal prison. It's not a country club at all, although they do have a walking track. Plus, and he says this is typical, for the first year they put you in a gen pop normal federal prison and move you from one bad place to another. His family would not know from day to day, phone call to phone call, where he would be in the early days.

I can't imagine what that will be like for her children.

Poor babies, try that time in almost any state prison system.

I got the distinct impression she got pregnant hoping to get a lighter sentence 'for the good of the children.'

---

In tha 360. MRF User Map

Restitution.

---

“There comes a point where we need to stop just pulling people out of the river. We need to go upstream and find out why they’re falling in."

The fraud didn't come at the beginning. She was naive about scientific advancement, about science, and about medicine, and seems to have developed and sold a fantasy about developing a new technology that would fit the market perfectly. The fraud came when the company failed to create the new technology -- at that point she had a duty to the next round of investors that there was doubt and risk -- and the company pretended that their unworkable systems were churning out blood test results. They faked the whole thing by buying technology that was already available to every clinical lab and running tests on that equipment on the sly. Equally bad, they ran a few tests on their own equipment and provided results, even though their own people were telling them that the systems were untrustworthy. The book about the whole thing made it clear that the top people (including her boy friend) were doing their best to intimidate the workers against letting people know what was going on.

There are lots of proposed drugs that cost lots of money to develop and then fail in phase 3 clinical trials, the results are made public, and the usual result is a drop in the stock price of the company. Happens all the time. You used to be able to read about such failures on MedPage. I assume there are still lots of such stories. It seems to be a case where the FDA and the SEC are doing an OK job. By the way, the trustworthiness of the system is why many of us were fine with the approval of the Covid vaccine.

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numbered

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sekker
Wait until they sentence the FTX team! How many decades will THEY get...

I heard Ken White interviewed about the FTX guys. He laughed and said the sentencing guidelines amount for fraud stops at $500m. So the sky's the limit.

The FTX founder is currently in the Bahamas.

Latest reports noted he diverted at least $300 million to himself personally.

Given that amount of scratch there are plenty of non-extradition jurisdictions that will welcome him with open arms.

If he don't wanna be caught, he won't be.

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Filliam H. Muffman
I got the distinct impression she got pregnant hoping to get a lighter sentence 'for the good of the children.'

....ditto....it is what most people thought.....

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_____________________________________

I reject your reality and substitute my own!

"Where's mommy? What's prison?"

Real voice vs fake voice.

Hear the testes go up and down, up and down ...

So she will come out of prison to a budding teenager.

She may want to consider staying in longer, it would be less of a punishment.

---

“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late

Quote
Filliam H. Muffman
I got the distinct impression she got pregnant hoping to get a lighter sentence 'for the good of the children.'

Yep, if kids are a "Get Out of Jail" card, it should apply to everyone.

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chopper
Real voice vs fake voice.

Hear the testes go up and down, up and down ...

Yes, she’s a natural actress. She invented a persona that enabled her to convince a lot of older white men to give her $$.

And likely was able to use that same charisma to get off on some charges. I was afraid it would greatly reduce her sentencing too.