U.S. District Judge Edward Davila will take center stage as he weighs the federal government’s recommendation to send Elizabeth Holmes, 38, to federal prison for 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 company had developed a revolutionary blood testing device.
Calling the case “one of the most substantial white collar offenses Silicon Valley or any other District has seen,” prosecutors vehemently rejected defense attorneys’ characterization that Holmes had been unfairly victimized, in part by media coverage.of no more than 18 months, saying her reputation was permanently destroyed, turning her into a “caricature to be mocked and vilified.”
Dating back to 2003, Elizabeth Holmes started Theranos company as a 19-year-old Stanford dropout. Following a series of events, issues surfaced in the company leading to the current trial in Silicon Valley. Here are the details.
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