Theranos founder Elizabeth Holmes jailed for fraud

2 years ago 40

Holmes seen arriving to tribunal  connected  FridayImage source, Getty Images

Image caption,

Holmes seen arriving to tribunal connected Friday with household members

Elizabeth Holmes, a disgraced erstwhile Silicon Valley tech CEO, has been sentenced to 11.25 years for fraud.

Her institution Theranos was erstwhile valued astatine $9bn (£7.5bn). She falsely claimed the firm's exertion could diagnose illness with conscionable a fewer drops of blood.

She was recovered blameworthy successful January of duping investors and lying astir the exertion aft a three-month trial.

Holmes is expected to entreaty the sentence, which was handed down connected Friday successful a California court.

The sentencing of the 38-year-old has been wide viewed arsenic a trial of however earnestly the justness strategy takes firm fraud successful the tech sector.

Once hailed arsenic the "next Steve Jobs", Holmes was astatine 1 clip said to beryllium the world's youngest self-made billionaire.

She launched Theranos aft dropping retired of Stanford University astatine property 19, and its worth roseate sharply aft the institution claimed it could bring astir a gyration successful the diagnosing of disease.

But the exertion Holmes touted did not enactment astatine each and - awash successful lawsuits - the institution was dissolved by 2018.

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