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The startup promised to revolutionise how patients receive diagnoses by replacing traditional blood-testing labs with small machines envisioned for home use.
Elizabeth Holmes could be freed in five years thanks to the First Step Act, which since 2018 has enabled prisoners to significantly reduce their sentence if they participate in training and behave well in prison.
A federal judge sentenced Theranos founder and CEO Elizabeth Holmes to 11 years and three months in prison on Friday, citing the need for investors in Silicon Valley startups to be able to take "risks free from fraud."
It was a bad day to be Elizabeth Holmes, as she appeared in a San Jose federal courtroom Friday to learn her fate, which is a sentence that is nearly as harsh as prosecutors were asking for.
Years after the collapse of her blood-testing company, Elizabeth Holmes was found guilty on four charges of criminal fraud.