CA: Corporations In California
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(AP) — A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
After being convicted of investor fraud and conspiracy earlier this year Holmes’ sentencing marks a climactic moment in a saga that has been dissected books and on TV.
The federal government wants the 38-year-old Holmes to be sentenced to 15 years in prison. Holmes is arguing for an 18-month sentence, preferably in home confinement; her lawyers say she deserves more lenient treatment as a well-meaning entrepreneur who is now a devoted mother with another child on the way.
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