Pregnant Elizabeth Holmes Sentenced to 11 Years in Prison 612 Theranos founder Elizabeth Holmes sentancing, San Jose, USA - 18 Nov 2022

Elizabeth Holmes.
Peter DaSilva/EPA-EFE/Shutterstock

Theranos founder Elizabeth Holmes has been sentenced to more than 11 years behind bars, per multiple outlets. She is currently pregnant with her second child.

Judge Edward Davila sentenced the 38-year-old medical technology entrepreneur to 11 years and three months in prison on Friday, November 18, instructing Holmes that she has until April 27, 2023 to turn herself in to custody, according to the Wall Street Journal. The former CEO — who was found guilty in January on four counts of defrauding investors — also faces three years of supervision upon her release, as well as a fine of $100 per each count of fraud.

Holmes — who gave birth to her first child, son William, with husband Billy Evans in August 2021 — initially made headlines in 2015 after the FDA launched an investigation into her claims that Theranos’ innovative medical technology could perform accurate blood tests that only required a finger prick.

The Yale alum, who raised over $700 million from investors for the product, was charged with multiple counts of fraud alongside her ex-boyfriend and business partner Sunny Balwani in 2018 — a scandal that not only made headlines at the time, but also two years later when it was depicted in Hulu’s award-winning miniseries The Dropout, starring Amanda Seyfried as Holmes.

Story is developing…

Source link