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."
Read Bad Blood. It is a fantastic read. Lots of horny old white guys got bamboozled because they thought they had a shot to fuck. Bill Clinton, General Mattis, Henry Kissinger, Steve Burd, the CEO of Rite Aid or one of those drug stores... dozens more. Oh, and the big winner, Sunny Balwani
Jesus christ. She really did fly close to the sun. I mean. Critical support i guess? Scamming the worst people on the planet is kinda cool even if she is an asshole.
Pickings got slim after Epstein's island was shut down eh?