Theranos founder Elizabeth Holmes was sentenced last week to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company’s blood-testing technology.
Theranos founder Elizabeth Holmes was sentenced Friday to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company's blood-testing technology. She was ordered to surrender on April 27.in January in the U.S. District Court for the Northern District of California. She cried while speaking to the court ahead of her sentencing on Friday.
Her defense team argued she should face a maximum sentence of 18 months, according to court filings. Instead, she was given 135 months, which amounts to 11 years and three months, behind bars.of how Theranos' blood-testing technology was struggling to meet expectations in 2015.
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