Holmes in January was found guilty of four charges of wire fraud and conspiracy to commit wire fraud.
Elizabeth Holmes on Friday was sentenced by a California judge to 11 years and three months in prison for defrauding investors in her failed blood-testing company, Theranos.This is the end of a years-long saga that saw the celebrated startup founder become a cautionary tale of Silicon Valley's "fake it 'til you make it" culture.
The jury was unable to reach a verdict on three other charges involving investors. It didn't convict on charges related to advertising practices or Theranos patients, although the attorneys debated Friday whether or not the judge could take her conduct toward patients into account during sentencing.had asked the judgeProsecutors also asked for full restitution for what they claim was $804 million in investor losses tied to the guilty verdicts.
Holmes filed dozens of letters of support from family and friends, including one from Sen. Cory Booker ."This case is so troubling on so many levels," Davila said, adding there's "no doubt" Holmes had the desire to make her company successful.Holmes, through tears,"Everday for the past few years I’ve felt deep pain,” she said, adding that she failed her workers, investors and the patients she sought to serve. “I gave everything I had to build our company.
Balwani is expected to be sentenced on December 7, and his attorney was on hand Friday for Holmes' sentencing.Axios on facebook
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Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison for felony fraudHolmes, 38, is expected to appeal the jury’s January verdict, which resulted in Friday’s sentence. She is pregnant, and the mother of a 15-month-old son born weeks before her trial began.
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Elizabeth Holmes sentenced to 11 years in prison for Theranos fraudHolmes was convicted on charges related to defrauding investors who poured hundreds of millions of dollars into her blood-testing company, believing it would revolutionize health care.
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Elizabeth Holmes sentenced to more than 11 years in prison in Theranos fraud caseDisgraced Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing.
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Elizabeth Holmes Sentenced To 11 Years In Prison For Theranos FraudHolmes was convicted on charges related to defrauding investors who poured hundreds of millions of dollars into her blood-testing company, believing it would revolutionize health care.
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Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraudA federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion.
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Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraudA California judge sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood testing startup that was once valued at $9 billion.
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