Pregnant Elizabeth Holmes Sentenced to 11 Years in Prison for Fraud

Elizabeth Holmes.
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Theranos founder Elizabeth Holmes has been sentenced to greater than 11 years behind bars, per a number of retailers. She is at the moment pregnant together with her second baby.

Decide Edward Davila sentenced the 38-year-old medical know-how entrepreneur to 11 years and three months in jail on Friday, November 18, instructing Holmes that she has till April 27, 2023 to show herself in to custody, in line with the Wall Avenue Journal. The previous CEO — who was discovered responsible in January on 4 counts of defrauding buyers — additionally faces three years of supervision upon her launch, in addition to a high-quality of $100 per every rely of fraud.

Holmes — who gave beginning to her first baby, son William, with husband Billy Evans in August 2021 — initially made headlines in 2015 after the FDA launched an investigation into her claims that Theranos’ modern medical know-how might carry out correct blood checks that solely required a finger prick.

The Yale alum, who raised over $700 million from buyers for the product, was charged with a number of counts of fraud alongside her ex-boyfriend and enterprise accomplice Sunny Balwani in 2018 — a scandal that not solely made headlines on the time, but additionally two years later when it was depicted in Hulu’s award-winning miniseries The Dropout, starring Amanda Seyfried as Holmes.

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