Prosecutor’s Office requests 15 years in prison for Elizabeth Holmes, the controversial Silicon Valley entrepreneur

The US Justice seeks to impute a 15-year sentence to the entrepreneur and former favorite of Silicon Valley elizabeth holmesin addition to requiring the payment of 800 million dollars in compensation for the investors that he defrauded with his company Theranos.

A jury found Holmes guilty in January of this year of four counts of fraud, for having falsely claimed that his company Theranos had developed a revolutionary blood analysis system.

Look: Controversial Silicon Valley entrepreneur Elizabeth Holmes found guilty of fraud and conspiracy

Prosecutors from the Department of Justice assured in the documents presented in court that the sentence they recommend reflects the “seriousness of the offenses” and will serve to deter others from engaging in similar frauds, according to US media.

The American’s lawyers, for their part, have argued that a sentence that leads to jail would be “unnecessary”, arguing that Holmes has become a “caricature” and has been the object of public ridicule and ridicule.

The defense also assured that Holmes does not present a damage to society and they ask for a maximum sentence of 18 months under house arrest.

The sentencing hearing of the founder of Theranos It is scheduled for November 18.

Holmes, 37, rose to fame for allegedly inventing a revolutionary system to lower the cost of blood tests, which made her a star in Silicon Valley and in the business world in general, to the point that she was compared to Apple co-founder Steve Jobs.

Your company Theranosfounded in 2003, quickly attracted investor interest due to the great potential of these alleged blood tests and made its founder a multimillionaire at the age of 31.

However, at the end of 2015 The Wall Street Journal published a series of investigative articles questioning the credibility of the analysis of Theranos and accused the company of, among other things, diluting blood samples obtained from patients to increase their volume.

These accusations prompted the US Department of Justice to file charges against Holmes and the company’s former president and operating counselor, Ramseh “Sunny” Balwani (Holmes’s former romantic partner), whom it accused of misleading investors, doctors and patients.

The company Theranos disbanded in September 2018.

Source: Elcomercio

Ronald Payne

I, Ronald Payne, am a journalist and author who dedicated his life to telling the stories that need to be said. I have over 7 years of experience as a reporter and editor, covering everything from politics to business to crime.