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Reuters
Reuters
Business
By Akriti Sharma and Kanishka Singh

U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud

Elizabeth Holmes ranos Edward Davila Prison
FILE PHOTO: Theranos founder Elizabeth Holmes and her family leave the federal courthouse after attending her fraud trial in San Jose, California, U.S. January 3, 2022. REUTERS/Brittany Hosea-Small/File Photo

Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.

The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.

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