Elizabeth Holmes sentenced to 11 years in prison for her Theranos fraud
Published on: 2025-07-15 04:16:38
Elizabeth Holmes, the founder and CEO of disgraced blood-testing company Theranos, has been found guilty on three counts of wire fraud, as well as a count of conspiracy to commit fraud along with her co-founder Sunny Balwani.
On November 18th, 2022, she was sentenced to 135 months, or about 11 and a half years, in prison for defrauding 10 victims out of $121 million. She is appealing the ruling. However, a judge has determined that she and Balwani owe the victims of their fraud $452 million.
On May 30th, Holmes reported to prison to begin serving her sentence.
Theranos was once valued as high as $9 billion, and Holmes was a darling of Silicon Valley, sporting black turtlenecks that prompted comparisons to Steve Jobs.
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