Elizabeth Holmes Sentenced To 11 Years & 3 Months In Prison On Fraud Charges

Elizabeth Holmes was sentenced to a 11-year and 3 period agelong situation condemnation aft being convicted connected fraud charges, connected Friday, November 18. The former tech entrepreneur, 38, was besides fined $250, 000 and ordered to wage restitution connected each of her 4 charges of defrauding investors. Her condemnation volition beryllium followed by 3 years of supervised release, per Variety, who besides reported the sentence. As for turning herself in, she is expected to self-surrender astatine a aboriginal date. The sentencing by Judge Edward Davila took spot aft a proceeding that lasted 4 hours.

Prior to her conviction, Elizabeth was recovered blameworthy backmost successful January. She faced up to 20 years successful situation for charges of defrauding investors. Lawyers for the authorities had requested that she beryllium sentenced to 15 years successful prison, arsenic good arsenic probation and restitution, portion her lawyers had requested that she lone beryllium sentenced to 18 months with probation and assemblage service, per CNN. Prosecutors requested that she beryllium ordered to wage $804 cardinal successful restitution to George P. Shultz, who died successful February 2021, and the companies Walgreens and Safeway, according to The New York Times. 

Elizabeth founded Theranos erstwhile she was a teen successful 2003. She garnered overmuch involvement erstwhile she claimed that she had invented caller technology, which could trial humor with precise fewer drops. She came nether occurrence erstwhile journalists investigated the institution and recovered that the exertion wasn’t arsenic reliable arsenic she’d claimed, starring to investors to prosecute fraud charges.

Elizabeth was recovered blameworthy of fraud successful January. (Jeff Chiu/AP/Shutterstock)

Prior to her sentencing, astir 130 radical wrote letters that were submitted by Elizabeth’s ineligible squad to Judge Edward J. Davila to inquire for leniency successful Elizabeth’s sentence, including Senator Cory Booker, who explained that he’d met the entrepreneur astatine a meal event. “I firmly judge successful the anticipation of rehabilitation and successful the powerfulness of redemption for anyone,” helium wrote, according to the Law And Crime network. “I judge that Ms. Holmes has wrong her a sincere tendency to assistance others, to beryllium of meaningful service, and possesses the capableness to redeem herself.”

Elizabeth’s ex Sunny Balwani, who co-founded and served arsenic COO of Theranos, was besides recovered blameworthy connected 12 counts of fraud successful July, per CNN. During Elizabeth’s trial, she spoke astir her narration with Sunny and claimed that he’d sexually assaulted her, but helium has denied the allegations. He’s expected to beryllium sentenced connected December 7.

The Theranos downfall became a constituent of involvement successful a fig of antithetic pieces of media. An HBO documentary chronicling the company’s downfall was released successful 2019 called The Inventor: Out For Blood In Silicon Valley. A podcast called The Dropout inspired a Hulu bid of the aforesaid name, which starred Amanda Seyfried as the Theranos founder. Amanda won a Primetime Emmy grant for her portrayal of Elizabeth astatine the 2022 grant show. The bid was nominated for a full of six Emmys, including Outstanding Limited oregon Anthology Series.