Democratic senator Elizabeth Holmes claims she is genuinely interested in helping others
Benjamin Wilson • November 17, 2022 6:15 pm
Senator Cory Booker (D.N.J.), last week asked that a federal judge sentence Elizabeth Holmes, Theranos fraudster, to a “fair” and just sentence.
Holmes, who was convicted of four counts for defrauding investors, faces up to 20 year imprisonment. Booker wrote that Holmes had “a sincere desire” to help others by fighting global hunger and climate change in a letter to Judge Edward Davila. “I had known Ms. Holmes for six years before she was charged.”
Davila is expected to issue a sentence Friday for Holmes, who was found guilty of lying to investors about her company’s blood testing machines, which she falsely claimed could run multiple tests on a single drop of blood. Theranos was once valued around $9 billion.
Booker’s letter comes as critics compare Democratic megadonor Sam Bankman-Fried’s crypto company FTX, which is under federal investigation for defrauding investors of billions of dollars, to Holmes’s failed company.
Theranos made Holmes popular among Democrats and the Obama government, who named her a Presidential ambassador for global entrepreneurship. Joe Biden, the then-vice President, visited her Newark facility in California.