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Sunday, February 5, 2023

Elizabeth Holmes Requests Residence Confinement As an alternative of Jail Forward of Formal Sentencing

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Ex-Theranos CEO Elizabeth Holmes will face sentencing this week, and has requested the court docket to land on a sentence of most 18 months of residence confinement, and to look previous the “caricature” the media has created. 

This, mixed with group service, will “greater than seize the retributive and deterrent objectives of sentencing whereas guaranteeing that our society’s sources aren’t wasted incarcerating somebody who poses no hazard to it, who within the eyes of the general public won’t ever be actually freed from even the counts on which she has been exonerated, and who will commit her life to meaningfully serving her fellow human beings,” stated Holmes’ attorneys in a pre-sentencing transient filed Thursday. 

In January, a federal jury convicted Holmes of 4 counts of fraud, together with an investor wire fraud conspiracy depend and three substantive wire fraud counts, with wire transfers totaling greater than $140 million.  

Holmes’ attorneys wrote that greater than 130 people who “truly know” Holmes have written to the court docket to offer character testimony, together with associates, household, Theranos traders, Theranos Board members, and former staff. 

In a single letter, Holmes’ associate Billy Evans wrote a plea “to assist her assist others” and stated, “the truth that Liz nonetheless has the help she does, regardless of the dangers of associating together with her is a testomony to her goodness.”

The federal government advisable a drastically extra aggressive strategy. In a pre-sentencing transient submitted Friday, U.S. Lawyer Stephanie Hinds wrote that Holmes needs to be sentenced to 180 months in custody and ordered to pay greater than $800 million in restitution to traders, together with to Walgreens and Safeway. 

“Holmes’ crimes have been terribly severe, among the many most substantial white collar offenses Silicon Valley or another District has seen,” the federal government informed the court docket.

The sentencing will happen Friday, November 14. 

Attorneys for Holmes and authorities attorneys didn’t instantly reply to request for remark.

Picture: Kimberly White, Getty Photos

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