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The judge who sentenced Elizabeth Holmes explains the reasoning behind his decision.

In November, Judge Edward Davila sentenced Theranos co-founder Elizabeth Holmes to 135 months, or just over 11 years, in prison for defrauding investors.

NPR reporter Bobby Allyn points out that he’s issued his full order explaining the decision (PDF), noting that Holmes was sentenced based on only about 10 percent of the money Theranos actually raised.