Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud

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Elizabeth Holmes, the former CEO of Theranos, was sentenced to more than 11 years in federal prison on Friday for her role in defrauding investors out of hundreds of millions of dollars. Holmes, once regarded as a Silicon Valley wunderkind, was sentenced to prison on April 27, 2023, in a case described by U.S. District Judge Edward Davila as “troubling on so many levels.”

A sobbing Holmes stood up and addressed the judge directly before Davila handed down his sentence. “If I could go back in time, there are so many things I would do differently. Every cell in my body regrets my failures “She stated. The defence attorneys for Holmes had hoped for a short prison sentence, or even home confinement. Holmes, who is 38 years old and expecting her second child, is scheduled to report to prison in five months. She will be under legal supervision for three years after her release.

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Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud

Elizabeth Holmes, the former CEO of Theranos, was sentenced to more than 11 years in federal prison on Friday for her role in defrauding investors out of hundreds of millions of dollars. Holmes, once regarded as a Silicon Valley wunderkind, was sentenced to prison on April 27, 2023, in a case described by U.S. District Judge Edward Davila as “troubling on so many levels.”

A sobbing Holmes stood up and addressed the judge directly before Davila handed down his sentence. “If I could go back in time, there are so many things I would do differently. Every cell in my body regrets my failures “She stated. The defence attorneys for Holmes had hoped for a short prison sentence, or even home confinement. Holmes, who is 38 years old and expecting her second child, is scheduled to report to prison in five months. She will be under legal supervision for three years after her release.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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