An army of her friends and family have written to the judge in support of her request for a less severe sentence.
The founder of Theranos was found guilty of fraud and conspiracy in January and is due to be sentenced on Friday. She could be sentenced to 20 years in prison for each count she was found guilty of. 18 months under house arrest is what the attorneys have requested. The defense submitted 130 letters from people they know who wanted the same thing.
One of these people is an executive who had a scandal of his own. He's the chairman and CEO of Teton Capital, but he used to be the CEO of the energy subsidiary of the company. He was in that role when he bought $10 million worth of shares in Lubrizol Corporation. The acquisition made $3 million in trading profits.
The SEC decided not to file charges against the man, though he did violate the company's insider trading policy. In the year 2011.
He questioned whether the jury in her case knew enough about business to reach an appropriate verdict.
The jury system isn't flawless, just as Ms.Holmes' decisions weren't all perfect. I believe that such a trial would be very difficult for an experienced business person to navigate and that someone not trained in such things as venture capital investing, accounting, proforma projections and related legal concepts and laws would be hard pressed to do so. I can assure you that I would not have found her guilty of any of the wire fraud charges.
He said that he was a positive contributor to society.
He argued that she would do better for society if she continued to invent.
In his letter, he invoked the name of Thomas Edison.
He said that failure is part of the creative process. He failed over 1000 times. He was not a person who committed a crime. No, neither is she.
He met her at an awards event in 2015, but he has no family or business relationship with her.
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