Former Theranos CEO Elizabeth Holmes is set to be sentenced by the end of this week. She was found guilty of four counts of fraud earlier this year. The question now is how much time, if any, could Holmes serve in prison.
Former Theranos CEO Elizabeth Holmes is set to be sentenced on Friday. She was found guilty of four counts of fraud earlier this year.Four years after the fall of her blood-testing start-up, and nearly one year after a jury found her guilty on four counts of fraud, on Friday, the disgraced formerFederal prosecutors have asked Judge Edward Davila to sentence Holmes to 15 years in prison and a fine of more than $800 million.
But Holmes is asking the judge for leniency. Court filings show she's requesting 18 months or less in prison or house arrest."I think this judge has to give her some period of incarceration," Ellen Kreitzberg, a professor emeritus at Santa Clara University School of Law who has been following the case closely, told ABC7 News.Holmes faces up to 20 years in prison for each of the four counts of fraud. Kreitzberg thinks that won't happen either.
"I would be very surprised if the sentence was at 15 years," she said of the government's request. "I think the court is going to be looking on the low end of 2-3 years and, I think, on the high end, somewhere between 7, 8, 9 years. Under 10, would just be my guess." Ahead of the sentencing, Holmes' lawyers gave the judge 130 letters in support of Holmes, including one from New Jersey Senator Cory Booker. He said the two became friends years ago when they met at a party and bonded over being vegan.
Sen. Booker said he was writing to advocate for a "fair and just" sentence for Holmes. "As author Bryan Stephenson has said, each of us is more than the worst thing we've done. I firmly believe in the possibility of rehabilitation and in the power of redemption for anyone.," Booker said. "And I believe that Ms. Holmes has within her a sincere desire to help others, to be of meaningful service, and possesses the capacity to redeem herself.
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