Elizabeth Holmes, the founder of Theranos, is asking a federal judge for leniency for her crimes.
, the disgraced CEO of Theranos accused of duping investors in the blood-testing company, asked a judge for leniency.
In an 82-page court document filed Thursday in a California federal court, her lawyers said their client has been stigmatized by widespread media coverage and that sending her to prison is unnecessary. They argued that if she does go to prison, she should serve no more than 18 months.investor fraud and conspiracy"We acknowledge that this may seem a tall order given the public perception of this case—especially when Ms.
Theranos CEO Elizabeth Holmes arrives at federal court in San Jose, Calif., Monday, Oct. 17. Lawyers for Holmes asked a judge this week for leniency for her crimes.Theranos started the company at 19 and raised nearly $1 billion from investors with what turned out to be false promises. She touted a compact device that was supposed to be able to scan for diseases and other health problems from a few drops of blood taken with a finger prick.
Meanwhile, she was praised as a visionary. Things began to unravel when The Wall Street Journal exposed the company was using traditional machines for testing rather thanHolmes placed some of the blame on her former boyfriend and ex-Theranos Chief Operating Officer Ramesh "Sunny" Balwani for allegedly misleading her about the effectiveness of Theranos' technology, and she accused him of emotional and sexual abuse.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Holmes seeks to avoid prison for Theranos fraudTheranos founder Elizabeth Holmes urged a U.S. judge not to send her to prison and instead receive 18 months in home confinement, followed by community service, as she prepares to be sentenced next week for defrauding investors in the blood test start-up
Read more »
Elizabeth Holmes asks for leniency for her Theranos crimesDisgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company.
Read more »
Elizabeth Holmes asks for leniency for her Theranos crimesThe disgraced CEO is trying to recast her image as a loving mother in an effort to avoid a lengthy prison sentence.
Read more »
Elizabeth Holmes asks for leniency for her Theranos crimesDisgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company.
Read more »
Elizabeth Holmes Requests Leniency for Theranos CrimesDisgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company.
Read more »