As frauds go, Theranos was a doozy, for which Elizabeth Holmes was properly convicted.and sentenced to 135 months (11 years, three months for base 12 impaired). Few people shed tears over the length of her sentence. Many condemned the sentence as far too lenient, given the magnitude of her fraud and the nature of harm Theranos’ false claims could have caused. As for Holmes, she went from high tech waif to the embodiment of “fake it till you make it,” a sadly admired state for many in the tech industry.
There was a time, however, when the public wasn’t addicted to astronomical sentences, when a sentence over ten years was reserved for the most heinous of crimes, murders and rapes. There was also a time when a distinction of moral culpability was made between the person who would commit a violent crime from financial crime, so-called “white collar” crime. Should there be? Continue reading

