Elizabeth Holmes should go to prison for 15 years and pay $804 million, feds demand

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Elizabeth Holmes should go to prison for 15 years and pay $804 million, feds demand
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Dramatic revelations from Holmes’ four-month trial in U.S. District Court were highlighted in the prosecution’s sentencing memo.

Prosecutors said in their memo that Holmes “repeatedly chose lies, hype, and the prospect of billions of dollars over patient safety and fair dealing with investors,” and called her crimes “extraordinarily serious, among the most substantial white collar offenses Silicon Valley or any other district has seen.”

Dramatic revelations from Holmes’ four-month trial in U.S. District Court were highlighted in the prosecution memo, filed late Friday. Jurors heard that Holmes stole logos from pharmaceutical companies and affixed them to internal Theranos reports to falsely signify the companies had validated her technology, a deception prosecutors referred to in the third sentence of their memo.

Prosecutors also focused in their memo on Holmes’ false claims and outlandish projections about Theranos’ finances. “She stands before the Court remorseless,” the sentencing memo said. “She accepts no responsibility. Quite the opposite, she insists she is the victim.”

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