Elizabeth Holmes asks trial judge to be lenient is maximum white woman behavior [UPDATED]
Updated 11/19/22 1:27 PM ET: On Friday, former Theranos CEO Elizabeth Holmes was sentenced to more than 11 years in prison for giving investors false information about her startup. The Stanford University dropout was found guilty of four counts of wire fraud and conspiracy to commit wire fraud following a four-month trial.
Holmes denied knowledge of the fraud. Federal District Judge Edward J. Davila confirmed that she will receive a prison sentence and her sentence will begin on April 27. “The tragedy of the case is that Mrs. Holmes is brilliant,” he said, acknowledging that Holmes had made him a man who dominated the industry.
“She succeeded, she entered this world.” However, getting big in the venture capital world is no excuse for committing fraud, Davila said. After the sentence was announced, Holmes hugged his family and quickly left the courtroom.
In an 82-page document that was filed Thursday, Elizabeth Holmes’ legal team informed U.S. District Judge Edward Davila that they believe she should not go to jail. Earlier this year, Holmes was found guilty of four counts of investor fraud and conspiracy. The former CEO of Theranos faces up to 20 years in prison.
If the judge thinks Holmes should go to jail, his lawyers are only asking for 18 months. The demand for preferential treatment for crimes of this magnitude is the maximum behavior of the white woman. Holmes started Theranos when he was just 19 and raised nearly $1 billion from investors for a fraudulent venture.
Holmes claimed to have developed a small device capable of detecting hundreds of illnesses and other possible health conditions with a few drops of blood taken with a finger prick. However, the tests produced incredibly inaccurate results, which Holmes tried to cover up until the media as well as commissioned audits revealed the truth.
Earlier this year, Holmes’ story was finally made into a miniseries called “The Dropout” on Hulu. In the filing, her attorneys basically said she was a model citizen: “Mrs. Holmes is not a danger to the public. She has no criminal history, has a perfect pre-trial service compliance record, and is described by people who know her on many occasions as a sweet, loving person who tries to do the right thing.
However, two former prosecutors Amanda Kramer and Duncan Levin Told The Associated Press that she is likely to receive a sentence of 9 to 17 years. They also noted that Davila has the discretion to be more lenient. Holmes’ lawyers also say her past trauma is another reason she shouldn’t be jailed.
When you look at how blacks and browns are imprisoned at higher rates and disproportionately receive longer sentences for less serious crimes, there is no sympathy for a soulless crook who puts innocent lives at risk.
More from The Root