Tuesday, July 11, 2023

WHY JOURNALISTS COVERING COMPLEX FINANCIAL CRIME CASES SHOULD HAVE A LEGAL EDUCATION


Ex-Theranos CEO Elizabeth Holmes to be released from prison 2 years early (sic)



Complex financial crimes should be reported by those who have a basic knowledge of criminal law and procedure. Once again, I am seeing incorrect information published, and then repeated elsewhere ad nauseam.  Federal Inmates earn 54 days of Gain (Good) Time a year off their sentences, provided they follow the institutional rules. Elizabeth Holmes did not received a Sentence Reduction. That's around 15%; such a basic fact should be known by the financial press. This is why journalists with law degrees are better equipped to cover financial crime cases.


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