A jury discovered Holmes responsible of three counts of wire fraud and one depend of conspiracy to commit wire fraud earlier this 12 months. Within the weeks main as much as the previous Theranos CEO’s sentencing, prosecutors requested the choose to offer her 15 years of jail time and to pay victims greater than $800 million. On the day of the trial, the federal government argued Holmes’ actions put sufferers in hurt’s method, in keeping with the WSJ.
In the meantime, Holmes’ attorneys filed an 82-page doc arguing why she ought to get a a lot lighter punishment — 18 months of home arrest and group service, at most — and supplied effectively over 100 letters written in assist of the founder.
Holmes led an organization that promised to revolutionize the medical trade by operating over 240 assessments on a single drop of blood, the place conventional panels required a lot bigger samples.
However it turned out that the corporate’s tech didn’t work and gave sufferers inaccurate outcomes. (Holmes was discovered not responsible on two counts of defrauding sufferers and one depend of conspiracy to defraud sufferers.) The trial primarily hinged on whether or not Holmes knew she was giving out false data. In saying his resolution, Davila cited texts between Holmes and Sunny Balwani, former chief working officer and president of Theranos, as proof that Holmes conspired to defraud traders, in keeping with NBC Information’ Scott Budman.