Elizabeth Holmes sentenced to 11 years for Theranos fraud
Elizabeth Holmes was ordered to spend more than 11 years in prison for fraudulently building her blood-testing startup Theranos into a $US9 billion ($13 billion) company that collapsed in scandal.
The sentence imposed on Friday (Saturday AEDT) by US District Judge Edward Davila in San Jose, California, is far closer to the 15-year term prosecutors asked for than what Ms Holmes’ lawyers sought – home detention or 18 months in prison at most.
Bloomberg
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