Federal prosecutors have asked a judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison, and her grand schemes have led investors to mistakenly believe her company had developed a revolutionary pedigree. Convinced and swindled out hundreds of millions of dollars, she claimed she deserved a lengthy prison sentence. test equipment.
Prosecutors called the case “one of the most serious white-collar crimes Silicon Valley and other districts have seen,” with defense attorneys saying Holmes was unfairly victimized by some media reports. vehemently refused to explain.
Holmes is scheduled to appear in federal court in San Jose, Calif., on November 18, nearly a year after being convicted of three counts of wire fraud and one count of fraud. She faces up to 20 years in prison on each count.
“She repeatedly chose lies, hype and multi-billion dollar prospects over patient safety and fair dealing with investors,” Assistant U.S. Attorney Robert S. Leach was filed Friday. “Elizabeth Holmes’s crimes weren’t botched, she was lying. Everyone was lying in the most serious circumstances that required her to tell the truth.” It is.”
Holmes’ attorneys filed an 82-page document late Thursday seeking a lenient sentence of no more than 18 months, saying her reputation had been permanently tarnished and she had become a “caricature to be ridiculed and defamed.” rice field.
In addition to seeking a lengthy prison sentence for Holmes, prosecutors have also called for a 38-year-old woman to face charges in her long-running plan to become one of Silicon Valley’s most widely respected and extremely wealthy entrepreneurs. He demanded $803,840,309 in damages for his role. America.
“She preyed upon investor expectations that a young, dynamic entrepreneur changed healthcare. She leveraged the credibility of a stellar board of directors,” Leach wrote. “And through her deception she has attained remarkable fame, adoration and billions of dollars in wealth.”
Leach also pointed out that after Wall Street Journal reporter John Careiro exposed the plot, Holmes “attacked him with sources” and desperately tried to hold others accountable.
“At the trial, she accused the COO (and longtime boyfriend), the board of directors, scientists, business partners, investors, marketing firms, lawyers, the media, and everyone – herself,” Leach wrote. rice field.
The company’s former chief operating officer, 57-year-old Ramesh “Sunny” Balwani, was convicted in July of 12 felony counts of investor and patient fraud in a separate trial. He is scheduled to be sentenced on December 7th.
And Leach writes that what Holmes did put the actual patient’s health in jeopardy.
“Money was drying up, so she marketed an unproven and unreliable medical device,” he wrote. “Her lead assay developer quit when Theranos launched.” At the time, she chilled to the scientist: ‘She has a promise to deliver to her customers.
Holmes’ attorney said that if U.S. District Court Judge Edward Davila decided to send her to prison, she would receive a lenient sentence because she poses no danger to the public and has no criminal record. It claims to be worth it.
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