Read what a judge told Elizabeth Holmes before sending her to prison for 11 years
U.S. District Judge for the Northern District of California Edward Davila sentenced 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.
Below is a transcript of Davila's full remarks at the end of the sentencing hearing in San Jose, Calif., just before he handed down her punishment.
Holmes, 38, has been ordered to turn herself in April, 27, 2023, and she is expected to serve her sentence at a minimum-security women's facility about 100 miles outside of Houston, where Holmes grew up.
U.S. District Judge Edward Davila:
I'm a native. I was born up the street, and I remember this valley, and the innovation of this valley. The richness of the earth that is below us here in this valley at one time was agriculture. These pictures that are in my courtroom express some of that. We know that this valley at one time from the rich earth here supported the world. Food came from this valley.
Ranchers, farmers came to this valley from Europe, from Asia. From our neighbors south, and individuals who have held land from Spanish land grants, they farmed this land, they farmed this rich land, and they produced them, this was the center for the world,
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