Elizabeth Holmes sentenced to more than 11 years for Theranos fraud
1 year ago
3
Elizabeth Holmes was awarded more than 11 years in prison for fraudulently building her blood-testing startup Theranos into a $9 billion company that collapsed in a scandal.
The sentence was ordered by US District Judge Edward Davila in San Jose, California. Holmes addressed the courtroom in tears, apologising to victims and investors.
The sentencing ended a year-long saga that had commanded attention of Silicon Valley, inspiring books, TV documentaries, podcasts and films about the Stanford University dropout who became a celebrity entrepreneur, only to see her company crash when its fraudulent technology was exposed.
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