Elizabeth Holmes, the founder of Theranos, a blood-testing startup, was sentenced to more than 11 years in prison for defrauding investors out of hundreds of millions of dollars.
According to the BBC, Holmes was sentenced on Friday after being found guilty in January following a three-month trial.
The 38-year-old pregnant woman claimed falsely that the technology could diagnose disease using only a few drops of blood.
Holmes, once regarded as a Silicon Valley genius, was sentenced to prison on April 27, 2023, in a case described by US District Judge Edward Davila as “troubling on so many levels.”
Holmes stood up and addressed the judge directly before Davila handed down his sentence.
“Looking back, there are so many things I would do differently if I had the chance. I regret my failings with every cell of my body,” Holmes said.
However, Holmes’ lawyers are expected to appeal the sentence because they had hoped for a short prison sentence or even home confinement.
She is expected to report to prison in five months and to spend three years under supervision after her release.Click here to give us five stars rating!