Elizabeth Holmes sentenced to 11 years in Theranos fraud case

Elizabeth Holmes, the founder and CEO of failed blood-testing company Theranos, has been sentenced to 11 years and 3 months in federal prison for her role in

Elizabeth Holmes, the founder and CEO of failed blood-testing company Theranos, has been sentenced to 11 years and 3 months in federal prison for her role in committing a years-long fraud that saw her company ascend to the heights of Silicon Valley before collapsing in disgrace. 

Holmes was convicted in January of four counts of lying to Theranos investors about the company’s technology and its financial health. She faced a potential maximum of 20 years in prison.

Theranos founder Elizabeth Holmes sentenced to 11 years in prisonNov. 18, 202205:36“I regret my failings with every cell of my body," Holmes told the court prior to her sentencing. She then quoted a poem: “Yesterday I tried to change the world. Today I’m wise, and want to change myself.”

In his sentencing statement, Judge Edward Davila said the case was "troubling on so many levels."

"What went wrong? This is sad because Ms. Holmes is brilliant.”

https://www.nbcnews.com/business/business-news/elizabeth-holmes-sentenced-theranos-trial-rcna57344


Post ID: 81236064-3dd1-4c6e-8875-9c395f1666ee
Rating: 5
Updated: 1 week ago
Your ad can be here
Create Post

Similar classified ads


News's other ads