Elizabeth Holmes gets 11 years in prison for Theranos fraud

News Desk : dhakamirror.com

A California judge sentenced Theranos founder Elizabeth Holmes to 11 years and 3 months in prison on Friday for for defrauding investors in her now-defunct blood-testing startup.

This is the end of a years-long saga that saw the celebrated startup founder become a cautionary tale of Silicon Valley’s “fake it ’til you make it” culture.

This ex-Silicon Valley celebrity claimed that their device could diagnose disease from just a few drops of blood samples.

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The rise and fall of Elizabeth Holmes, the Theranos founder

A California jury found Holmes guilty of conspiring to defraud investors in her blood-testing startup. The 37-year-old was convicted on four of 11 counts. Holmes was acquitted on four counts and the jury could not reach a decision on three counts.
The verdict comes after a stunning downfall that saw Holmes, once hailed as the next Steve Jobs, go from being a tech industry icon

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