Tag: Wealthy

Elizabeth Holmes Sentenced to 11 Years in Prison for Theranos Fraud

Elizabeth Holmes Sentenced to 11 Years in Prison for Theranos Fraud

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

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