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Elizabeth Holmes gunning for insanity defense in historic fraud trial

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Fraudster Elizabeth Holmes (who famously bilked people out of hundreds-of-millions of dollars) is set to stand trial in March for the fraud-situation surrounding what was Theranos. While the head of Theranos, Holmes defrauded people and investors out of unbelievable amounts of money amounting to one of the most historic fraud trials in American history. The drama surrounding Holmes life and the criminality of her crimes continues this week, as it has emerged exactly how she apparently hopes to get out of serious prison time for her crimes.

According to Bloomberg, the fraudster plans to allegedly use what is called an insanity defense by citing some form of mental disease. While it remains unclear exactly what disease or issue that could be — it’s worth noting that in a federal trial such an argument is very hard to fake. The trial is set to begin in March and if convicted — Holmes faces more than 20 years in prison and a potentially multi-million dollar fine. Also if convicted she likely will have to pay restitution to the victims of her stunning scam.


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