Now that Elizabeth Holmes has been found guilty of defrauding investors more than $140 million, she could face a potentially lengthy federal prison sentence.
and her attorneys have two options: Continue fighting the case and attempt a come-from-behind victory on appeal, or accept the verdict and ask for mercy from U.S. District Court Judge Edward Davila.
Rahmani pointed out that fraud cases typically don’t go to trial in the federal system and defendants will often take plea deals that come with several years in prison. Although it’s a defendant’s right to take a case to trial, a guilty verdict from a jury often comes with greater risk for a longer sentence.
In sentencing, the judge can consider aggravating factors – even the circumstances involving the counts Holmes was not convicted on, like risking patients’ health. The dollar figure may also come into play. The three counts she was convicted on total more than $140 million in losses for investors. And the same judge who’s sentencing Holmes dealt out nine and 12-year sentences for the couple involved in the famous Wendy’s chili finger scam back in 2006.Holmes’ other option may be to appeal the verdict – but the judge ran an ultra-careful trial and didn’t give her team much to contest.
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