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Jail, I'd assume. Holmes (and Balwani) have been indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud by a federal grand jury
by spangry 8y ago
Jail, I'd assume. Holmes (and Balwani) have been indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud by a federal grand jury (they've pleaded not guilty).
Wire fraud apparently carries a maximum penalty of 20 years, so they could be going away for a while. Holmes is also barred from serving as a director or officer of a public company for 10 years, due to a previous SEC settlement.