Tuesday, 21 Mar 2023

Elizabeth Holmes prosecutors seek 15-year sentence and $800m in restitution

Elizabeth Holmes prosecutors seek 15-year sentence and $800m in restitution

Elizabeth Holmes prosecutors seek 15-year sentence and $800m in restitution
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Federal prosecutors are asking a judge to sentence Elizabeth Holmes to 15 years in prison and require the Theranos founder to pay $800m in restitution, according to court documents filed on Friday.

A jury found Holmes guilty in January of four counts of investor fraud and conspiracy. Her sentencing is scheduled for 18 November, and she faces a maximum 20 years in prison.

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