The US Attorney's Office requested 15 years in prison for the CEO of Theranos for the company's millionaire fraud

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Elizabeth Holmes rose to fame for allegedly inventing a revolutionary system to lower the cost of blood tests, making her a star in Silicon Valley and in the business world in general, to the point that she was compared to Apple co-founder Steve Jobs

The US Attorney's Office requested 15 years in prison for the CEO of Theranos for the company's millionaire fraud

The US Attorney's Office requested 15 jail terms for the CEO of Theranos for the company's million-dollar fraud.

US federal prosecutors have asked a judge to sentence discredited Theranos CEO Elizabeth Holmes to 15 years in prison, in addition to ordering her to pay 800 million dollars in compensation for the investors he defrauded with his company.

A jury found Holmes guilty in January of this year of four fraud charges, for falsely claiming that his company Theranos had developed a revolutionary blood testing system.

Prosecutors from the Department of Justice assured in the documents presented in court that the sentence they recommend reflects the “seriousness of the offenses” and will serve to deter others from committing similar frauds, according to US media.

The lawyers for the American, for their part, defended themselves by saying that a Sentencing leading to imprisonment would be “unnecessary”, arguing that Holmes has become a “caricature” and has been the object of public ridicule and derision.

The US Attorney's Office requested 15 years in prison for the CEO of Theranos for the company's millionaire fraud ;a

A jury convicted Holmes in January of this year of four counts of fraud, for having falsely claimed that his company Theranos had developed a revolutionary blood testing system. (REUTERS)

Calling the case “one of the most substantial white-collar crimes Silicon Valley or any other district has ever seen,” prosecutors categorically rejected the explanation Holmes's lawyers gave that their client was wrongfully victimized, in part due to media coverage.

“She repeatedly opted for lies, publicity and the possibility of obtaining billions dollars instead of patient safety and fair dealing with investors,” Robert S. Leach, Assistant United States Attorney, wrote in a 46 page reportpresented on Friday. “Elizabeth Holmes's crimes were not mistakes, they were lies. Lies in the most serious context, where everyone needed him to tell the truth.”

The defense assured that Holmes does not present a harm to society and they ask a maximum sentence of 18 months under house arrest.

The sentencing hearing for the founder of Theranos is scheduled for November 18.

The US Attorney's Office requested 15 years in prison for the CEO of Theranos for the company's millionaire fraud ;a

The defense assured that Holmes does not present a damage to society and they ask for a maximum sentence of 18 months under house arrest. (REUTERS)

Holmes, 37, rose to fame for allegedly inventing a revolutionary system to lower the cost of blood tests, which made her a star in < b>Silicon Valley and in the corporate world in general, to the point that she was compared to Apple co-founder Steve Jobs.

Your company Theranos, founded in 2003, quickly attracted investor interest due to the great potential of these supposed blood tests and made its founder a billionaire at the age of 31.

However, the In late 2015, The Wall Street Journal published a series of investigative articles questioning the credibility of Theranos' analysis and accusing the company of, among other things, dilute blood samples obtained from patients to increase their volume.

The US Attorney's Office requested 15 years in prison for the CEO of Theranos for the company's millionaire fraud ;a

Theranos, founded in 2003, quickly attracted investor interest due to the great potential of these alleged blood tests and made its founder a multi-millionaire at the age of 31.

These accusations prompted the US Department of Justice to file charges against Holmes and the company's former president and former COO Ramseh “Sunny” Balwani (Holmes's former romantic partner), whom he accused of having misled investors, doctors and patients.

The company Theranos was dissolved in September 2018.

(With information from EFE and The Associated Press)

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