Elizabeth Holmes Asks For 18 Months Home Stay Instead of Jail After the Former Theranos CEO Was Convicted of Fraud

Elizabeth Holmes Asks For 18 Months Home Stay Instead of Jail After the Former Theranos CEO Was Convicted of Fraud

In a court filing Thursday, the legal team for Elizabeth Holmes, former CEO of Theranos, made a case to get the founder out of serving a lengthy prison sentence for defrauding investors.

Bloomberg I Getty Images

Elizabeth Holmes leaving federal court in October 2022.

“We acknowledge that this may seem a tall order given the public perception of this case,” the filing said, per Bloomberg.

It asked for her to serve 18 months confined in her home.

In addition, 130 people connected to the founder, including former Theranos investors and family and friends, submitted letters in her support. According to the filing, Holmes’ “real” identity has been obscured by media vitriol. “

Holmes founded Theranos in 2003 and claimed the company had a revolutionary test that could use a much smaller amount of blood to test for a wider range of illnesses, including cancer, and raised $700 million for the company. She was extensively profiled in Fortune in 2014, which boosted her profile enormously.

Her company was valued at nearly $9 billion at that time.

Related: The Career Rise and Fall of Theranos Founder Elizabeth Holmes

Then, in 2015 and 2016, reports from the Wall Street Journal exposed that the technology fundamentally did not work. Holmes stepped down as CEO in 2018.

Holmes was convicted of four fraud-related counts in January The story in part was recounted in Hulu’s “The Dropout” where Amanda Seyfried won an Emmy for playing the founder. According to the outlet, Holmes was able to discuss again her claims of being emotionally and physically abused in the filing. He was convicted in a different trial in July of 12 counts of fraud.

Holmes’ team also said, per Bloomberg, that she’s become a sexual violence crisis counselor.

The filing is a bit of a hailmary. According to the outlet, some of the fraud charges she was convicted of include minimum sentences of nine year. The prosecution must still make recommendations to U.S. District Judge Edward Davila for a prison sentence.

This week, Holmes’ team failed to get a new trial after claiming a key witness might have been pressured by the prosecution.

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