Elizabeth Holmes sentencing: Theranos founder to face restitution hearing after being jailed for 11 years

Defense attorney Kevin Downey said Holmes had “good intentions” and there was no evidence that she had been by greed.

“Year in and year out, Elizabeth Holmes had the opportunity to become a very wealthy woman,” he said.

“Hundreds of millions of dollars. Year after year, she declined the offers.”

She had been let down by her advisers, Mr Downey added.

After describing Holmes as a nice and considerate person, the defense has wrapped up.

Alex Schultz, the son of former Secretary of State George and father of Theranos whistleblower Tyler, is reading a victim impact statement.

He wrote to the court that Holmes had taken a “wrecking ball” to their family.

A dramatic moment in court: Alex Schultz looks directly at Holmes and says that his whistleblower son Tyler had to sleep with a knife due to fear of being harmed after she hired private investigators to pry into his life.

Holmes is now addressing Judge Davila, says she takes responsibility for the Theranos failure.

“I stand before you taking responsibiliy for Theranos. It was my life’s work.”

With the sentencing hearing approaching the four hour mark, Judge Davila is addressing the court ahead of delivering a sentence.

Judge Edward Davila told the heavily pregnant former Theranos boss: ‘Failure is normal. But failure by fraud is not OK.’

Bevan Hurley has the story.

From college dropout at 19 to billionaire at 30 and convicted fraudster at 37, Elizabeth Holmes has had a life trajectory unlike any of her Silicon Valley peers. Her tainted legacy will continue to be fought over for years to come, Bevan Hurley writes.

With dozens of cameras pointed at the main entrance to the federal courthouse in San Jose, Elizabeth Holmes ducked out of a side entrance.

She will have to report to corrections officials to begin her 11 year sentence in April.

John Carreyrou, whose reporting at the Wall Street Journal exposed problems at Theranos, was in court to see Holmes sentenced.

In comments outside the courthouse, the Bad Blood author said the sentence was “stiff” but appropriate given Holmes had put patients at risk.

Judge Edward Davila told the heavily pregnant former Theranos boss: ‘Failure is normal. But failure by fraud is not OK.’

Read on for full story.