Read exactly what the judge told former Theranos CEO Elizabeth Holmes before he sentenced her to 11 years in federal prison.
U.S. District Judge Edward J. Davila, left, sits with U.S. Supreme Court Associate Justice Anthony M. Kennedy at a panel discussion in 2018.U.S. District Judge Edward J. Davila, left, sits with U.S. Supreme Court Associate Justice Anthony M. Kennedy at a panel discussion in 2018.former Theranos CEO Elizabeth Holmes to 11 years in prison last week following a four-month trial in which a jury found Holmes guilty of defrauding investors at her blood-testing company.
They made their agreements, they exchanged business dealings, and I'm informed that more often than not those business dealings were sealed with a handshake, they were sealed with an eye-to-eye promise to perform, 'I'll bring this many bushels, tons of tomatoes, you will have strawberries, you will have cherries, you will have artichokes, you will have all of the riches that the earth below us in this wonderful, wonderful land produces.' But as all things do, times change.
This case is so troubling on so many, so many levels. There's no question that Ms. Holmes is bright. I've read her background. We read about her. We know what she has done. We know what she created. At an early age, 19, going to a prestigious university. I think that the PSR [presentence report] had to be corrected as to the age. And she created this and immersed herself forward.
The tragedy of this case is that Ms. Holmes is brilliant. She had creative ideas. She is a big thinker. She was a woman moving into an industry that was dominated by, and let's face it, male ego. That young women entrepreneurs are regrettably denied access to, but she made that. She made that. She got into that world.
The letters that were referenced, I've read them, they were meaningful. These are letters in support of Ms. Holmes. They spoke to a different individual perhaps that the jury heard. They weren't here. Many of the letter writers weren't at the trial I don't believe, but they spoke to a different individual and their experiences. And they were moving. They talked about how Ms. Holmes would visit when they were ill, when they had a problem, she was so giving, she was always there.
However, if it was revealed to them what this jury heard and of the conduct that was engaged in, I am quite confident they would not, they would not condone that. So what was it that caused — was it intoxication, as I said, with the fame? We know, the record shows, that the misrepresentation, there were many. The texts between Ms. Holmes and Mr. Balwani supported the jury's finding of the conspiracy.
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