Elizabeth Holmes, founder and CEO of the collapsed Silicon Valley blood testing company, Theranos, has been sentenced to 11.25 years in prison.

Elizabeth Holmes, founder and CEO of the collapsed Silicon Valley blood testing company, Theranos, has been sentenced to 11.25 years in prison plus three years supervised release for financial crimes she committed while running the once-high flying venture.

Holmes was also fined a $400 million special assessment. Holmes must surrender to custody on April 27, 2023. Holmes is expected to appeal.

[...]

Before Holmes' sentence was read, she addressed the courtroom to express remorse.

"I stand before you taking responsibility for Theranos. I loved Theranos. It was my life’s work. My team meant the world to me. They wanted to make a difference in the world. I am devastated by my failings," she said.

"Every day for the past years, I have felt deep pain for the people…those people who believe in us and those patients. I worked so hard to serve. I gave everything I had to try to to build...Theranos. Looking back, there are so many things I would do differently. I tried to realize my dream too quickly."

  • InevitableSwing [none/use name]
    ·
    2 years ago

    have a spa, movie theatre and servants waiting hand and foot.

    But the servants and the amenities will be fifth rate. At best.

    free in a couple years.

    Normal people get real, hard time.

    Rich people get dog year "prison" time. I'd be shocked if she's in the slammer for more than four years. Or - of course - she could do fantastically well on appeal and - I dunno - get sweetheart deal of house arrest or some shit.