Federal prosecutors are asking a federal judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison.
FILE - Former Theranos CEO Elizabeth Holmes arrives at federal court in San Jose, Calif., on Oct. 17, 2022. Federal prosecutors have asked a judge to sentence Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her startup had developed a revolutionary blood testing device. Holmes is set to return to court on Nov. 18, 2022 for sentencing.
“She repeatedly chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors,” Assistant U.S. Attorney Robert S. Leach wrote in a 46-page brief filed Friday. “Elizabeth Holmes’ crimes were not failing, they were lying — lying in the most serious context, where everyone needed her to tell the truth.”
“She preyed on hopes of her investors that a young, dynamic entrepreneur had changed healthcare. She leveraged the credibility of her illustrious board,” Leach wrote. "And, through her deceit, she attained spectacular fame, adoration, and billions of dollars of wealth.”
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