WebFrancis deSouza Chief Executive Officer Alex Aravanis, MD, PhD Chief Technology Officer, Head of Research and Product Development Nicole Berry Head of RegionAmericas Charles Dadswell General Counsel Phil Febbo, MD Chief Medical Officer John Frank Chief Public Affairs Officer Joydeep Goswami, PhD Mr. Goswami initially joined the company in 2019 as Chief Strategy and Corporate Development Officer, in which he was responsible for driving planning, strategic partnerships, and acquisitions, and worked closely with the Finance organization on strategic initiatives involving capital allocation, financial planning, and deal execution. Gox in either of his declarations of disclosure, failed to file a bankruptcy claim for those funds, withheld information about his bitcoin investments during discovery, failed to produce and falsely denied having documentation related to the bitcoins, and failed to disclose the cryptocurrency generated by forks. In February 2014, Mt. [8] His mother was a homemaker and his father was a commercial representative for Japanese trading company Itochu. Alternatively, Francis insists the Khaled and Wences bitcoins were merely two facets of one unitary investment and, therefore, he cannot be penalized for one and not credited for the other. Illumina innovative sequencing and array technologies are fueling groundbreaking advancements in life science research, translational and consumer genomics, and molecular diagnostics. Francis deSouza's actual age is 53, and his birthday is on 2-Dec-1970. DeSouza left Microsoft in 2001 and founded IMlogic, where he served as CEO and grew the company into the market leading provider of instant messaging security. "[T]hese facts were clearly `material' information that should have been made known" to her. On December 18, 2017, the day after bitcoin's value hit a high of $19,783.06, Francis divulged that he possessed only 613.53 of the 1062.21 community bitcoins. In legal circles, the deSouzas case has become known as perhaps the first major Bitcoin divorce. Rollins holds a B.S. In 2020, Gregory Salant, a divorce lawyer in White Plains, N.Y., worked with a client who believed her husband owned cryptocurrency he hadnt disclosed. Listed below are the cases that are cited in this Featured Case. [28], He served on the Board of Directors of Citrix Systems from December 2014 to June 2016. I wont touch your retirement account, you wont touch my retirement account, we give a $25,000 swing for the crypto.. Copyright 2022 Ron J. Anfuso CPA & Forensic Accountant. On Monday, Illumina announced that Flatley is giving up his leadership role as chief executive to its president, Francis deSouza, who will take both jobs as of July 5. WebWho Is Francis deSouza's Wife? In prior roles, he was deeply involved in digital trust and security issues, as well as competition law and compliance matters. She currently serves as a scientific advisor on Vizgens Scientific Advisory Board, as well as on BICOs Board of Directors. An ugly divorce tends to generate arguments about virtually everything. Subdivision (e) of section 1100 provides: `Each spouse shall act with respect to the other spouse in the management and control of the community assets and liabilities in accordance with the general rules governing fiduciary relationships which control the actions of persons having relationships of personal confidence as specified in Section 721, until such time as the assets and liabilities have been divided by the parties or by a court. By early 2014, Mt. On average, Illumina Inc executives and independent directors trade stock every 4 days with the average trade being worth of $1,576,234. In this role, he is responsible for developing and executing the Company's medical strategy to accelerate genomic testing in order to improve health and healthcare. for the bad investments. Francis filed his preliminary schedule of assets and debts in the divorce action in February 2014 and his final disclosure in July 2016. Gox in either of the declarations he disclosed. The Board ensures that the company is equipped with the tools that it needs to accelerate the power of genomics. Early in his career, he worked at the IBM Thomas J. Watson Research Center and then in management consulting. The court expressly (and nonexclusively) found that Francis "breached his fiduciary duties to [Erica] when he purchased the bitcoins in 2013." (Italics added.) Gox. After three years of litigation, a San Francisco appeals court ruled in 2020 that Mr. deSouza had failed to properly disclose some elements of his cryptocurrency investments, which had exploded in value. By May 2014, Francis knew of the bankruptcy. Share your thoughts in the comment section. As of 2023, the current net worth of Francis deSouza is $1.5 Million. Weightman graduated from Auckland University with a BSc in Molecular Genetics and a Diploma of Commerce. Lastly, Francis's contention that his nondisclosures did not cause the bankruptcy and resulting devaluation of the Khaled bitcoins largely rests on and reiterates his argument that the nondisclosures were immaterial. Aimee Hoyt is Chief People Officer at Illumina, where she is responsible for all aspects of the companys HR strategies. We all know that is it almost impossible to say someone's total asset, and how much he or she earns every month. In multiple cases, he said, he has traced more than $10 million in cryptocurrency that a husband hid from his wife. In this episode of Facing Forward, Margaret Brennan talks with Illumina CEO Francis deSouza for a look at the science behind the spread of the Coronavirus Ms. deSouzas Bitcoins are now worth more than $23 million. One such e-mail from Wences to Francis advised him to "[b]uy your Bitcoins on Mt. His height is Not known, and weight is Unknown. He holds more than 30 (pending and issued) patents and numerous peer-reviewed publications, additionally he serves on various Scientific Advisor Boards for biotech startups. Francis deSouza received a BS and MS in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology. DeSouza joined Illumina in November 2013. Investor Carl Icahn has called on Illumina's ( NASDAQ: ILMN) board to sack CEO Francis deSouza and replace him with former CEO Jay Flatley. Do you wanna know Francis deSouza's full Biodata? Compare and cart products. 8750 nono. MARGARET BRENNAN: We're going to go now to Francis deSouza, CEO of Illumina, a company that identifies and tracks COVID variants through genomic Prior to this, Weightman was the Senior Marketing Manager for South Asia Pacific, responsible for the overall marketing strategy and implementation in South East Asia, India, Singapore, Australia, and New Zealand. ( 2102, subd. In January 2018 Erica moved for an emergency order compelling Francis to immediately transfer her full interest in community bitcoins to her and for remedies afforded by the Family Code for his failure to timely and adequately disclose information about the bitcoin investments. He holds a Bachelor of Science in Chemical Engineering from Cornell University as well as a Master of Business Administration from Harvard Business School. Plaintiff either neglected to report the sale or sending of the Missing Cryptocurrency on his income tax returns, the report concluded, or Plaintiff still retained control of the Missing Cryptocurrency.. Chief Technology Officer, Head of Research and Product Development, Chief Financial Officer, Chief Strategy and Corporate Development Officer, Head of RegionAsia Pacific, Middle East, and Africa. Khaled never completed the transfer and the Bitcoins remained with Mt. Not all crypto divorces involve such large sums. (Haraguchi v. Superior Court (2008) 43 Cal.4th 706, 711-712 [76 Cal.Rptr.3d 250, 182 P.3d 579].) Desouza was a married man but he later On December 31, 2017, the price of bitcoin was $13,500. Francis also failed to file a bankruptcy claim, withheld information about his Bitcoin investments, falsely denied having documentation related to the Bitcoins, and neglected to reveal cryptocurrency generated through dividends from Bitcoin holdings in the form of new currency, Bitcoin cash and Bitcoin gold. As a result, the court ordered Francis to transfer $22,500 in cash and 249.445 additional Bitcoins to Erica, along with the corresponding Bitcoin gold and Bitcoin cash, and ordered Francis to pay Ericas court fees. Gretchen Weightman is the Head of Region for Asia Pacific, Middle East, and Africa at Illumina. The deSouzas married in September 2001. Los Angeles Divorce & Forensic Accounting Firm. The court's finding that Francis failed to disclose material information about his bitcoin investments is supported by substantial evidence and within its broad discretion. Further statutory citations are to the Family Code. The Company products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. After entry of the dissolution judgment on December 8, 2017, Erica sought her half of the community bitcoins. In addition, his experience includes Deloitte Consulting advising companies on supply chain, operations strategy, and process improvement. In this role, Frank focused on advancing multi-stakeholder solutions towards a more accessible and inclusive digital environment and a healthier planet. Other highlights of her professional career include 15 years at Eastman Kodak Company, where she held a variety of global marketing and business management roles. So, how much is Francis deSouza worth at the age of 51 years old? 613.53 of the 1062.21 bitcoins he purchased with community fundsbasically, the In another case, Mr. Himonidis said, he discovered that a husband had moved $2 million in cryptocurrency out of his account on the Coinbase exchange, a platform where people buy, sell and store digital currencies. On the other hand, his father worked as a commercial representative for a Japanese trading company, Itochu. He is a member of famous Entrepreneur with the age 53 years old group. ( 1101, subd. Neither does his suggestion he cannot be faulted for failing to disclose the Mt. Gox Company Limited to purchase Bitcoins. That month, Mr. deSouza bought about $150,000 of Bitcoin. Gox was having trouble left, right, and sideways. He is from Ethiopia. investment made by the husband, Francis DeSouza, that Samantha Bley DeJean , Juliana Yanez , Robert A. Olson and Eleanor S. Ruth for Respondent. Schwartz also held positions in corporate strategy, corporate treasury and FP&A with Citigroup Inc., and investment banking and merchant banking positions with Legg Mason. He completed his internal medicine residency at the Brigham and Women's Hospital, and his fellowship in oncology at the Dana-Farber Cancer Institute. Previously, she has held senior positions at some of the worlds best-known technology companies including Hewlett-Packard, Cisco and Sun Microsystems. In addition, he makes $1,521,950 as President, Chief Executive Officer, and Director at Illumina Inc. Francis has made over 39 trades of the Illumina Inc stock since 2013, according to the Form 4 filled with the SEC. Francis argued that he did not breach his fiduciary duty because information he withheld about his investments was not material, and there was no substantial evidence his breach impaired Ericas interest in their community property. Erica's request for the order was tried over four days between June and August 2018. Gox Company Ltd. (Mt. A spokeswoman for Mr. deSouza said he had disclosed the entirety of his cryptocurrency holdings at the beginning of the divorce. Reeves brings more than 25 years of cross-industry marketing and corporate strategy experience to Illumina. Later in April 2013, federal agents seized millions of dollars from Mt. Francis initiated three Bitcoin-related transactions on April 9, 2013. Tax Reg: 105-87-87282 | Francis deSouzas income source is mostly from being a successful Entrepreneur. And my personal opinion at the time was only an idiot would leave his Bitcoins on Mt. Francis deSouza is a Businessperson who was born on December 02, 1970 in United States. The husband had also transferred nearly $225,000 in cryptocurrency to other anonymous addresses. Gox. Dr. Evans concluded that Francis was aware of the problems with Mt. He hired a forensic investigator, Mark DiMichael, to translate the spreadsheet and track down the assets. Illumina is improving human health by unlocking the power of the genome. "Had he disclosed these important facts [Erica] would have had the ability to object to a division in kind of the [total] bitcoins and/or protect her interest in the bitcoins by requesting the Court use its equitable powers to protect her from [Francis's] unilateral decision to purchase the bitcoins.". He re-joined Illumina in June 2020 and is responsible for leading Illuminas research and product development teams in engineering, consumables, applications, user design, software, informatics, and artificial intelligence. The divorce dragged on for eight years, almost as long as the marriage. An exchange can still be a valuable source of information. He has led teams across various functions, including sales, marketing, R&D and other support functions. Francis Aurelio deSouza (/dsuz/; born December 2, 1970) is an American entrepreneur and business executive. You can see the complete history of Mr. Souza stock trades at the bottom of the page. Francis deSouza was appointed CEO of Illumina in 2016 and is responsible for directing all aspects of company strategy, planning, and operations. Francis Desouza appealed a post-judgment order that found he breached his fiduciary duty to his former wife Erica. The trial court ordered Francis to transfer Bitcoins and other cryptocurrencies to Erica pursuant to the parties judgment of dissolution and to pay Ericas attorneys fees and costs. | Following Ericas move for an emergency order in January 2018, the court ordered Francis to immediately transfer to Erica half of the 613.53 Bitcoins, as well as associated gold and cash he had in his possession; to show cause why the court should not order the transfer of an additional 224.34 Bitcoins and proportional cryptocurrency; and to pay Ericas attorneys fees and costs pursuant to Family Code sections 721 and 1100. Infrastructure As observed in Margulis, supra, 198 Cal.App.4th at p. 1270, section 2102, together with sections 721, 1100 and 1101, is part of the integrated statutory scheme that implements the policy of fiduciary care by imposing "wide-ranging duties to disclose and account for the existence, valuation, and disposition of all community assets from the date of separation through final division." Dadswell received an LL.M. embezzlement, or both.. He is the president and chief executive officer (CEO) of Illumina[1][2] and a member of the Board of Directors of The Walt Disney Company. Dr. Febbo holds a Bachelor of Arts degree in Biology from Dartmouth College and an M.D. She is committed to empowering Illumina customers with innovations to further unlock the power of the genome. WebFrancisco D'Souza (born 23 August 1968 [1]) is an Indian-American entrepreneur and businessman, who is the former CEO and Vice Chairman of Cognizant a Fortune 200 Mt. Francis A. deSouza is the President, Chief Executive Officer, Director of Illumina Inc. Mr. deSouza has served as President since December 2013 and as a Director since January 2014. Prior to joining Illumina, Weightman worked at Applied Biosystems in a variety of commercial positions including Sales, Marketing, and Product Management. (In re Marriage of Schleich (2017) 8 Cal.App.5th 267, 276-277 [213 Cal.Rptr.3d 665] (Schleich). DeSouza became president and chief executive officer of Illumina on July 5, 2016, and has served on Illumina's board of directors since November 2013. The court further found that while Francis possessed documentation of the proxy purchases since April 2013, he "not only refused to disclose, but affirmatively hid from [Erica] their involvement until February 9, 2018.". [4][5] He joined Symantec in 2006 when Symantec acquired IMlogic, where deSouza was founder and CEO. $44,940 for additional bitcoins, again using a straw man. Citations are also linked in the body of the Featured Case. The lawyers also speculated that Mr. deSouza might be hoarding additional funds. Mr. deSouza, a tech executive, had bought a little over 1,000 Bitcoins before he separated from his wife in 2013, and then lost nearly half the funds when a prominent cryptocurrency exchange collapsed. The trial court reasonably disagreed. This article is about American businessman. Hoyt has a successful track record for leading workforce transformation, driving business growth and creating high-impact teams. The court found Francis violated the automatic restraining order and his fiduciary duties when, without Erica's knowledge or agreement, he sent $45,000 to Mt. Siggins wrote: Ericas lack of involvement or interest Prior to joining Illumina, Mr. Goswami served as the President of Thermo Fisher Scientifics Clinical Next-Generation Sequencing (NGS) and Oncology business unit, where he oversaw efforts that drove the adoption of NGS in clinical oncology, research and reproductive health. Not for use in diagnostic procedures (except as specifically noted). We hope you get the information about Francis deSouza. Francis Desouza appealed a post-judgment order that found he breached his fiduciary duty to his former wife Erica. restraining orders that barred him from making unilateral decisions involving Gox was having trouble left, right and sideways. Gox, that went bankrupt in 2014, putting the money out of reach. WebFrancis A. deSouza has been President and Chief Executive Officer of Illumina, Inc., a biotechnology company, since 2016 and served as President of Illumina from 2013 to Transactions are recorded on public ledgers called blockchains, enabling savvy analysts to follow the money. According to the various source, there is an approximate asset that is net worth. He initially joined the company as President in 2013, and led Illuminas business units and core functions responsible for envisioning, developing and producing the companys products. Before joining the faculty of UCSF as an associate professor in 2010, Dr. Febbo worked at Duke University Medical Center's Institute of Genome Sciences and Policy. in Management Information Systems and an MBA from Marquette University. (Margulis, at pp. bankruptcy grew from an initial value of roughly $100,000 to around $3.45 Kevin Pegels is Chief of Global Operations for Illumina where he is responsible for the companys global operations. John Frank is Chief Public Affairs Officer where he directly advises Illuminas CEO, Board of Directors, General Counsel, and Executive Leadership Team, offering expertise and assessing geopolitical and policy implications of Illuminas business and strategies. This strict transparency both discourages unfair dealing and empowers the nonmanaging spouse to remedy any breach of fiduciary duty by giving that spouse the `information concerning the [community's] business' needed for the exercise of his or her rights [citations], including the right to pursue a claim for `impairment to' his or her interest in the community estate [citation]." Gox bankruptcy." Learn How rich is He in this year and how He spends money? bitcoins from Mt. The trial court expressly disbelieved this testimony. Eventually Khaled filed a proof of claim in bankruptcy for the 498.8 bitcoins, which were still in his name, on Francis's behalf. So that's all we have about Francis deSouza's net worth, bio, wiki, biography, height, weight, awards, facts, siblings, awards, and other information. Must Compensate Wife for Losses From Unauthorized Philip S. Silvestry and Gregory R. Ellis for Appellant. [3], Before Illumina, deSouza was president of products and services at Symantec. By the time the couple were ready to divide their assets in 2017, the value of that investment had ballooned to more than $21 million. Francis then disclosed that some were to buy Bitcoin with cash. Its focus on innovation has established it as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Accelerate insights with a comprehensive bioinformatics software solution that connects your samples, instruments, and analytics, Our instrument performance service helps reduce unplanned downtime and minimize instrument requalification, New configurations will bring longer read capabilities with more output for immune repertoire, shotgun metagenomics and more, Spatial transcriptomics provides a comprehensive roadmap of transcriptional activity within intact tissue sections, Our mission is to improve human health by unlocking the power of the genome, Get instructions for using DRAGEN secondary analysis v4.0, Methodologies for sequencing long or short RNAs from liquid biopsy samples and the implications for cancer research, Save on the Ribo-Zero Plus Microbiome rRNA Depletion Kit, restrictions apply, A multi-species, low-cost, genome-wide genotyping platform to support molecular breeding in small grains, NysnoBio is developing a gene therapy to slow progression in people under age 50, The NovaSeq 6000Dx is our first IVD-compliant high-throughput sequencing instrument for the clinical lab. Gox Company Ltd. a Japanese bitcoin The value of his coins as of December 17 was approximately $8 million. The purchase made by Wences was previously transferred to [Francis's] blockchain wallet but Khaled's purchase and the $45,000 deposit by [Francis] are subject to the bankruptcy and are inaccessible and if [Erica] were ever to receive some or all of her bitcoins or the cash it most likely will be at a significant loss, or even turn out to be worthless." In September 2017, the court issued a final statement of decision. His mother was a homemaker. These teams are Illuminas innovation engine and deliver product excellence in next-generation sequencing platforms and applications to accelerate scientific breakthroughs and translation of genomics to the clinic. Theyre thinking, Theres no way she can track it,' Ms. Burris said. Prior to joining Illumina, Mr. deSouza was President, Products and Services, of Symantec Corporation, a NASDAQ-listed software technology company, from 2011 to 2013, and Mr. deSouza served as Symantecs Senior Vice President, Enterprise Security Group, from 2009 to 2011. Gox suspension and bankruptcy "substantially impaired" Erica's interest in the Khaled bitcoins by rendering them inaccessible and potentially worthless. In this section, we discussed his height-weight along with his eyes and hair colors. Illumina Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. In addition to concealing his bitcoin purchases and use of proxies, Francis's failure to inform Erica about the Mt. (g); see id., subd. Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA. The court found the suspension and bankruptcy of Mt. Prior to joining IMlogic, deSouza was co-founder and CEO of Flash Communications, a provider of corporate instant messaging that was acquired by Microsoft. The birthday of Francis deSouza is on 2-Dec-1970. Carissa Rollins is Chief Information Officer at Illumina, where she is responsible for leading all Global Information Systems strategy, operations, risk and compliance, infrastructure, enterprise architecture, cybersecurity, employee and business-facing applications.

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