Prosecutors seek 15 years in prison for Theranos founder Elizabeth Holmes in fraud case ...Middle East

The Justice Department (DOJ) is seeking a 15-year prison sentence in addition to fines against Theranos founder Elizabeth Holmes after she was convicted of wire fraud and conspiracy earlier this year. A court filing from the DOJ asked U.S. District Judge Edward Davila to sentence the former entrepreneur to 180 months in prison and make her pay $800 million in restitution to investors in her now-defunct blood testing company. “Considering the extensiveness of Holmes’ fraud…the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” prosecutors wrote, according to Reuters. The H

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Last updated : 12 Nov 2022 clock 05:08 PM

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Prosecutors seek 15 years in prison for Theranos founder Elizabeth Holmes in fraud case ...Middle East

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