Home » Latest News » Startups » Elizabeth Holmes of Theranos Sentenced to 11 years in Prison

Elizabeth Holmes of Theranos Sentenced to 11 years in Prison

Elizabeth Holmes Theranos

Elizabeth Holmes, the former CEO of blood-testing startup Theranos was sentenced on Friday to more than 11 years in prison after being convicted of fraud earlier in the year.

Her company was once valued at US $9 billion.

Battle Approved Motors. Invest Today!!
Get a $250 Amazon Gift Card. Apply Today!

Holmes, 38, claimed the start-up could diagnose hundreds of diseases with just a few drops of blood. That wasn’t true.

U.S. District Judge Edward Davila handed out the sentence in a federal courthouse in San Jose, CA. He directed Holmes to spend three years under supervised release after completing her sentence.

Prosecutors asked for Holmes to serve 15 years behind bars, citing the whopping financial loss and the need to deter future fraudulent schemes in the tech industry. Her defense lawyers had sought home confinement.

Holmes is currently pregnant with her second child, will start her sentence in April 2023.

About Editorial Staff

The Editorial Staff is a dedicated team of writers and editors who oversee the content of a leading news site. With a commitment to accuracy, quality, and unbiased reporting, they work tirelessly to deliver up-to-date news articles that inform and engage readers. From researching and writing compelling stories to meticulously editing and fact-checking, the Editorial Staff ensures the highest standards of journalism are upheld, providing readers with reliable and trustworthy information in an ever-changing news landscape.