As does the focus on her wedding. Yeah she defrauded investors for millions and spent the money. She isn't going to jail over the specifics of her spending, but the first part.
The specifics of the spending do matter. If she had spent the money within the company context, even on things that are personally lavish (eg private jet), it would have been harder to make the case for outright criminal fraud.
Yeah, the whole focus of this "reporting" is bizarrely twisted.
Also, based on the charges named in the article, the 40 years doesn't really make much sense, so even that is probably just based on adding up the max allowed sentence for each charge and multiplying by the number of counts.