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Elizabeth Holmes, Theranos founder, sentenced to 11.25 years in prison (finance.yahoo.com)

submitted 2 years ago by InevitableSwing@hexbear.net to c/news@hexbear.net

6 comments fedilink hide all child comments

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."

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[–] TornadoThompson@hexbear.net 1 points 2 years ago

Then some kid gets 30+ for selling weed.

JUSTICE IN ACTION.

[–] vaguevoid@hexbear.net 1 points 2 years ago

of course she only gets 11.25 years. i wouldn't be surprised if she got out earlier than that

[–] WeedReference420@hexbear.net 1 points 2 years ago

She'll be out in 3! :porky-happy:

[–] GrouchyGrouse@hexbear.net 1 points 2 years ago (1 children)

Critical support for her showing the cracks in investment capital by showing how stupid and scammable all these "make me rich overnight" dorks are. Win for materialism.

Also scamming Kissinger. That shit's funny. Evergreen.

[–] danisth@hexbear.net 1 points 2 years ago

She's only been convicted for investor fraud, which is cool and good. She did also harm actual people through fraudulent medical results, but of course that wasn't part of her sentencing.

[–] LiberalSocialist@hexbear.net 1 points 2 years ago

lol I fully expect her to be free in a couple years. Even then, her prison will probably have a spa, movie theatre and servants waiting hand and foot.