wsj
Nov 18
20K
0.48%
Elizabeth Holmes, the Theranos founder convicted of fraud, was sentenced to 135 months, or 11.25 years, in prison, capping the extraordinary downfall of a one-time Silicon Valley wunderkind.⁠ ⁠ U.S. District Judge Edward Davila, who oversaw the monthslong trial in which Holmes was convicted of running a yearslong fraud scheme at her blood-testing company, delivered the sentence Friday in federal court.⁠ ⁠ A jury convicted Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors.⁠ ⁠ Holmes had sought home confinement and community service, and no more than 18 months in prison. Her lawyers, in their request for leniency, positioned the 38-year-old as a caring friend and loving mother with a toddler at home and a second child on the way, whose incarceration would only prove detrimental to her family and community.⁠ ⁠ Follow live coverage at the link in our bio.⁠ ⁠ Photo: Justin Sullivan/Getty Images
wsj
Nov 18
20K
0.48%
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