It's judgment day for Theranos founder Elizabeth Holmes

  • 📰 NPR
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Former Silicon Valley star Elizabeth Holmes is heading to a federal courthouse here on Friday to beg for leniency during her sentencing hearing, likely the final chapter in the years-long saga of Theranos, the blood-testing startup she founded.

Founder and CEO of Theranos Elizabeth Holmes speaks at the Fortune Global Forum in San Francisco on Nov. 2, 2015.Founder and CEO of Theranos Elizabeth Holmes speaks at the Fortune Global Forum in San Francisco on Nov. 2, 2015.SAN JOSE, Calif – Prosecutors are expected to argue that she deserves 15 years in prison.

Federal prosecutors called Holmes' crimes in court papers ahead of the hearing"among the most substantial white-collar offenses Silicon Valley, or any other district, has seen," but defense lawyers for Holmes counter that she has shown remorse and that she is being punished for nothing more than a startup failure.Defense lawyers are asking that Holmes stay out of prison and instead serve time in home confinement.

Prosecutors, however, have argued that the patients who received incorrect blood test results because of the company's faulty technology represent facts that should be considered"relevant conduct for sentencing purposes," meaning the patients could still play into Davila's sentence.Letters from her partner, a tech investor and a senator ask for mercy

Photos of Elizabeth Holmes and her partner, Billy Evans, included as part of a public court submission to Judge Ed Davila, who will preside over Holmes' sentencing hearing on Friday.United States District Court for the Northern District of California Her lawyers also point out that she has been volunteering as a sexual assault victim counselor. Holmes is herself a survivor of sexual assault, which sheHolmes' defense team has argued that the media scrutiny and legal proceedings connected to the collapse of Theranos is punishment enough, a point her lawyers hammer home to the judge by quoting a letter sent to the court from tech investor David Sokol.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Um. Debtor must pay Piper.

Uhhhhhh okaaay

I take offence at the use of the word 'star' with Silicon Valley, she was not a star of the show. She was a minor celebrity (NOT A STAR) within the area known as Silicon Valley. The choice of words you use is important, especially for people on the autistic spectrum!

She probably should get it. Not her fault old white male billionaires lose their minds over a pretty blonde girl who sounds really smart.

Interesting that her husband referred to Holmes as 'honest' in pleading for a lighter sentence. She wasn't honest though-- she lied to investors and physicians and patients. And then she threw her ex-BF under the bus to save herself. Accountability is long overdue

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in BUSİNESS

Business Business Latest News, Business Business Headlines