Elizabeth Holmes could serve house arrest in luxurious 74-acre, $135 million Fleishhacker Estate
Elizabeth Holmes reportedly made an appeal for a 18-month house confinement to avoid time in prison and the $800 million fine
SAN DIEGO, CALIFORNIA: Convicted Theranos founder Elizabeth Holmes reportedly made an appeal for "leniency" in the form of 18-month house confinement to reportedly avoid jail time, and the $800m fine as she awaits sentencing next week. According to The Associated Press, Holmes requested a lenient sentence under house arrest, which came alongside more than 130 letters from Holmes' friends, family, Theranos investors, and former employees, who her lawyers said showcased "the real Elizabeth Holmes."
Holmes's attorneys told US District Judge Edward Davila that sending her to prison was unnecessary. “We acknowledge that this may seem a tall order given the public perception of this case – especially when Ms. Holmes is viewed as the caricature, not the person. Ms. Holmes will never be able to seek another job or meet a new friend without the negative caricature acting as a barrier,” the request remarked, according to the AP report. Meanwhile, according to realtor.com, Holmes who was convicted of multiple frauds paid $9 million for a French provincial pad in Atherton, an über-wealthy enclave in Silicon Valley.
Built-in 1936, the five-bedroom, 5.5-bath estate is very private due to a guarded entrance and thick trees all around the grounds. The 6,800 square-foot main house is reminiscent of a European country manor and is situated on a 1.16-acre property with gardens, a pool, and a pavilion. Things went downturn as in 2018, Holmes found herself in a whole lot of legal troubles. Later, Holmes also downsized from her outlying mansion to a more modest apartment in San Francisco. It is unknown how long she rented the apartment, but Holmes reportedly moved out from the apartment around April 2019, according to CNBC.
Where is Elizabeth Holmes' home?
Holmes moved into a residence at the $135 million Green Gables mansion in Woodside, California, during the trial. The Fleishhacker Estate, popularly known as Green Gables, was constructed in 1911 by San Francisco merchant Mortimer Fleishhacker.
Seven homes are located on the 74-acre estate, including a 10,000-square-foot main house and six smaller homes. One of these more affordable homes is where Holmes is apparently residing. Meanwhile, prosecutors are expected to pursue a much harsher sentence for Holmes, who faces up to 20 years in prison on each of the four counts on which she was convicted, when her sentencing trial begins on November 18, 2022. After her conviction, Holmes asked for a retrial three times but was rejected each time.