Elizabeth Holmes verdict is alive: Theranos founder to face extradition lawsuit after serving 11 years in prison

Elizabeth Holmes was finally sentenced to 135 months in prison, followed by three years of probation on November 18.

Heavy pregnant with her second child, the tearful Holmes hugged her husband Billy Evans after the sentence was read.

Earlier, he apologized for his role in the collapse of the Silicon Valley firm – the first time he admitted responsibility.

“I was devastated by my failures. I was deeply hurt by what people went through because I let them down,” said Holmes.

His lawyers argued that Holmes now deserves more lenient treatment as a bona fide entrepreneur who is a devoted mother with another child on the way.

Judge Edward Davila described the case as “very disturbing on many levels”.

“The tragedy of this case is that Ms. Holmes is great, she has creative ideas. She’s a great thinker.

“Let’s face it, he was entering an industry dominated by the male ego,” Judge Davila told the court. Mercury News reporter Ethan Baron. “Failure is normal. But failure due to fraud is unacceptable.”

She ordered Holmes to surrender to correctional officers in April after she gave birth to her second child.

Elizabeth Holmes found guilty of defrauding investors in his former blood test startup company, teranosto conclude a case that catches both Silicon valley and international media outlets that helped him become a star in the beginning.

Holmes was ultimately sentenced to 135 months – more than 11 years – on November 18. Holmes, who is currently heavily pregnant, will begin her sentence in April 2023.

How did he get to this position? How did the legal proceedings, described by some as the “trial of the century in Silicon Valley,” unfold?

Independent explains:

Will anyone in the tech industry take this moment seriously? Don’t trust him.

But for many of its proponents and detractors, Friday’s sentencing is unlikely to end the debate over whether Holmes was a well-meaning humanitarian aid or a charlatan in a turtleneck sweater who chose “deception over honesty”.

The Justice Department left no doubt about the 38-year-old’s intent to commit a crime. Inside 46-page punitive noteUS assistant attorney Robert Leach described the Theranos explosion as “one of the most significant white-collar crimes in Silicon Valley or any other region”.

Leach wrote that the founder of Theranos “nurtures the hopes of his investors that a young, dynamic entrepreneur is transforming healthcare.”

Meanwhile, Holmes’ legal team sought to portray her as a devoted mother, daughter, and friend who, with her generosity and faith, tries to help countless others.

The Independent’s Bevan Hurley explores who Holmes really is:

Judge Edward Davila told the heavily pregnant former Theranos boss: ‘Failure is normal. But failure through fraud is not okay.’

“I was devastated by my failures. Elizabeth Holmes tearfully told the judge: “I felt a deep pain over what people went through, because I let them down.”

It was the first time Holmes had claimed responsibility for the Theranos failure.

Theranos informant Tyler’s father, Alex Schultz, read a victim impact statement to tell Holmes’ family he threw a “destructive ball”.

He looked directly at Elizabeth Holmes as he said that he feared for his life after hiring private investigators to meddle in Tyler’s life.

“My son slept with a knife under his pillow every night thinking someone was going to come and kill him.”

Mr. Schultz is the son of former Secretary of State George Schultz, one of the first supporters of Theranos.

But for many of its proponents and detractors, Friday’s sentencing is unlikely to end the debate over whether Holmes was a well-meaning humanitarian aid or a charlatan in a turtleneck sweater who chose “deception over honesty”.

Judge Edward Davila told the heavily pregnant former Theranos boss: ‘Failure is normal. But failure through fraud is not okay.’

Before Judge Edward Davila sentenced Holmes to 11 years and three months in prison, he described the case as “very disturbing on many levels”.

“The tragedy of this case is that Ms. Holmes is great, she has creative ideas. She’s a great thinker. Let’s face it, she was entering an industry dominated by the male ego. She entered the world.