Theranos founder Elizabeth Holmes is expected to be sentenced today in a California federal court for defrauding investors in her now-defunct blood testing startup
Holmes, 38, on three counts of investor fraud and one count of conspiracy in January.a 15-year prison sentence, called Holmes' fraud "among the most substantial white collar offenses Silicon Valley or any other district has seen."that she receive a more lenient sentence of 18 months of home confinement, followed by community service, urging the judge not to make her a "martyr to public passion.
Once valued at $9 billion, Theranos Inc promised to revolutionize how patients receive diagnoses by replacing traditional labs with small machines envisioned for use in homes, drugstores and even on the battlefield. But the startup collapsed after a series of articles in the Wall Street Journal in 2015 questioned its technology.
U.S. District Judge Edward Davila in San Jose, Calif. has denied Holmes' requests to overturn her convictions, saying they were supported by the evidence at trial.
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