Prosecutors Seek 15 Years for Elizabeth Holmes Over Theranos Fraud
Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.
The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.
“Considering the extensiveness of Holmes’ fraud … the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” the prosecutors said.
Holmes earlier urged U.S. District Judge Edward Davila in San Jose, California, not to send her to prison.
A jury convicted the 38-year-old on four counts of wire fraud and conspiracy in January. Each count carries a maximum 20-year prison term. Any sentence would likely be served concurrently….