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Elizabth Holmes committed fraud, endangered lives, and harassed whistle blowers (one spent over $400,000 in legal fees fighting with Theranos). She only got 11
by StressedDev 3y ago
Elizabth Holmes committed fraud, endangered lives, and harassed whistle blowers (one spent over $400,000 in legal fees fighting with Theranos). She only got 11 years and 3 months. I would not be surprised if Sam Bankman-Fried also got a fairly short sentence.
- tptacek 3y agoMadoff got 150 years. It comes down to the dollar amounts.
- ohhnoodont 3y ago> She only got 11 years and 3 months. Her sentence has already been reduced to 9.5 years.
- juliusdavies 3y agoThat's an automatic reduction given to all federal prisoners (54 days per year): https://en.wikipedia.org/wiki/Good_conduct_time https://en.wikipedia.org/wiki/Good_conduct_time
- jahewson 3y agoHolmes was only found guilty on 4 of 11 charges, totalling around $300m raised from investors. SBF is guilty on all counts of stealing 26 times more than that - $8bn of his customers deposits.
- dragonwriter 3y agoThe loss amount calculated for Holmes was $120m; $381 million was the total investment amount, but not all of that valuation was due to fraud. While its a lot, its substantially less than where the table for loss amount tops out at $550 million, whereas it seems certain that SBF is going to top out the chart.