Thursday, June 8, 2023
HomeFashionElizabeth Holmes jailed for more than 11 years

Elizabeth Holmes jailed for more than 11 years

Seven years after her company, Theranos, made dubious scientific claims, Elizabeth Holmes has finally been sentenced to years and three months San Jose Court imprisoned for 11 months. The disgraced CEO who raised nearly $1 billion for her Silicon Valley start-up after dropping out of Stanford University at age 19 was found guilty in January Four counts of wire fraud. Judge Edward J. Davila also ruled that Holmes will be supervised for three years upon his release. Years in prison, but many had expected a much lighter sentence for the 804 year old, her lawyers pushed for justice months of house arrest . However, prosecutors advocated 15 years in prison, and $804 million in investor damages, noting that in such a highly regarded Tougher sentences in high-profile cases could help “deter future entrepreneurial fraud schemes.” In April 19 began to serve his sentence. “I’m devastated by my failure,” she told the court, as her partner Billie Evans and her family, with whom she has a one-year-old son, came to show their support. “I am deeply pained by what people have gone through because I have failed them.” After apologizing to her investors, patients and staff, she ended her statement with a questionable Rumi quote: ” Yesterday I tried to change the world. Today I am smarter and want to change myself.”




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