Theranos founder, Elizabeth Holmes sentenced to 11 years in prison for fraud

Elizabeth Holmes, 38, has received a sentence of 11 years and three months in prison for fraud. She was once listed by Forbes as one of the wealthiest Selfmade billionaires in America. Despite the fact that she is carrying her second kid.

On Friday, November 18, a federal judge sentenced the founder of Theranos to prison for defrauding investors in her now-defunct blood-testing startup, which had a $9 billion valuation at one point.

Theranos’ founder was once valued at $4.5 billion and hailed as a genius who was about to revolutionize the medical industry.

acquitted on four other counts alleging she defrauded patients who paid for Theranos tests.

Theranos Inc promised to revolutionize how patients receive diagnoses by replacing traditional labs with small machines envisioned for use in homes, drugstores and even on the battlefield.

Theranos founder, Elizabeth Holmes sentenced to 11 years in prison for fraud

Forbes dubbed Holmes the world’s youngest female self-made billionaire in 2014, when she was 30 and her stake in Theranos was worth $4.5 billion. Theranos collapsed after a series of Wall Street Journal articles in 2015 questioned its technology.

Actress Amanda Seyfried in September won an Emmy Award for portraying Holmes in the limited series “The Dropout.”

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