Elizabeth Holmes Sentenced To More Than 11 Years In Prison
2 years, 4 months ago

Elizabeth Holmes Sentenced To More Than 11 Years In Prison

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LOADING ERROR LOADING Disgraced Theranos founder Elizabeth Holmes has been sentenced to 135 months, or 11.25 years, in prison for her role in defrauding investors in her blood-testing company. “I am devastated by my failings,” she said, noting she’s “felt deep pain for what people went through because I failed them.” She went on to apologize to investors and patients, adding, “I regret my failings with every cell of my body.” Her sentencing comes after a last-ditch attempt by Holmes and her legal team to secure a new trial, staking it to claims that a key witness for the prosecution regrets the role he played in her conviction. “Elizabeth Holmes’ crimes were not failing, they were lying — lying in the most serious context, where everyone needed her to tell the truth.” Elizabeth Holmes in 2015, when her medical testing company was valued at $9 billion. Juror Susanna Stefanek, an editorial manager at Apple, told The Wall Street Journal that there were two “smoking guns” in the trial: a report Theranos gave to investors that Holmes had altered to appear to be an endorsement from the pharmaceutical and biotech company Pfizer, and a document from the company projecting $40 million in annual revenue from drug companies, even though no such contracts were in place.

History of this topic

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