Elizabeth Holmes sentenced to 11 years

Judge Davila just sentenced Theranos founder Elizabeth Holmes to 135 months in prison for her massive ($100 million+) fraud. That’s federal time, so she will serve nearly all of it (unless Trump gets reelected and pardons her). There may have been restitution and a fine but I haven’t heard the details of that yet. She is to report to prison in April. I don’t think she can stay out during her appeal, although the appeals court (9th Circuit) or trial judge could stay the sentence. She has two weeks to file an appeal and I presume it will takeĀ  months for the appeal to be heard and decided.

Edit: I’ve now read the DOJ memo on the verdict. She was not fined, but there will be a restitution award. Parties will appear later to argue or agree on an amount. This is totally separate from any civil suits and judgments awarded there. One aspect I forgot to mention is that Davila sentenced under guidelines based solely on the convicted counts, not the acquitted conduct which he could have used. See my prior post about that. That may be a decision by the judge not to raise an additional issue for appeal.

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