Elizabeth Holmes verdict live: Theranos founder will face a restitution hearing after being jailed for 11 years

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

A tearful Holmes, who is heavily pregnant with her second child, hugged her husband Billy Evans after the prayer was read.

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

“I am devastated by my failures. I have felt deep pain from what people went through, because I failed them,” Holmes said.

Her lawyers argued that Holmes deserves more lenient treatment as a well-intentioned businesswoman who is now a devoted mother with another child on the way.

Judge Edward Davila described the case as “so troubling on so many levels.”

“The tragedy of this case is that Ms. Holmes is brilliant, she had creative ideas. She is a great thinker.

“She was moving into an industry that was dominated by, let’s face it, the male ego,” Judge Dávila told the court, according to Mercury News reporter Ethan Baron. “Failure is normal. But failure by fraud is not okay.”

He ordered Holmes to turn herself in to corrections officers in April, after she gave birth to their second child.

elizabeth holmes was found guilty of defrauding investors in her former blood testing start-up, Theranosconcluding a trial that caught both Silicon Valley and the international media outlets that initially helped propel her to stardom.

Holmes was finally sentenced on November 18 to 135 months, more than 11 years, in prison. Holmes, who is currently heavily pregnant, will begin sentencing in April 2023.

How did you get to this position? And how did the legal proceedings, described by some as “Silicon Valley’s trial of the century” unfold?

the independent Explain:

Is anyone in the tech industry really going to take this moment seriously? Don’t count on it.

But to her many supporters and detractors, Friday’s sentencing is unlikely to end the debate over whether Holmes was a well-meaning humanitarian who crossed the line or a turtleneck-wearing charlatan who chose “deceit over candor.” .

The Justice Department left no doubt as to the 38-year-old’s criminal intent. in a scathing 46-page sentencing memorandumAssistant US Attorney Robert Leach described the Theranos implosion as one of the “most significant white-collar crimes Silicon Valley or any other district has seen.”

Leach wrote that the Theranos founder “took advantage of her investors’ hopes that a dynamic young entrepreneur had changed healthcare.”

Meanwhile, Holmes’ legal team tried to portray her as a devoted mother, daughter, and friend who tried to help countless people through her generosity and faith.

the independents Bevan Hurley explores who Holmes really is:

Judge Edward Dávila told the heavily pregnant former Theranos boss: “Failure is normal. But failure by fraud is not right.’

“I am devastated by my failures. I have felt deep pain for what people went through, because I failed them,” Elizabeth Holmes told the judge through tears.

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

Alex Schultz, the father of Theranos whistleblower Tyler, read a victim impact statement to say Holmes had brought a “wrecking ball” to his family.

He looked squarely at Elizabeth Holmes when she said that Tyler had feared for his life after she hired private investigators to pry into his life.

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

Schultz is the son of former Secretary of State George Schultz, an early backer of Theranos.

But to her many supporters and detractors, Friday’s sentencing is unlikely to end the debate over whether Holmes was a well-meaning humanitarian who crossed the line or a turtleneck-wearing charlatan who chose “deceit over candor.” .

Judge Edward Dávila told the heavily pregnant former Theranos boss: “Failure is normal. But failure by fraud is not right.’

Before sentencing Holmes to 11 years and three months in prison, Judge Edward Dávila described the case as “very troubling on many levels.”

“The tragedy of this case is that Ms. Holmes is brilliant, she had creative ideas. She is a great thinker. She was moving into an industry that was dominated by, let’s face it, the male ego. She got into that world.”