A judge in a federal court in San Jose, California sentenced the founder of the failed blood-testing startup, Theranos, on Friday. She was sentenced to 11.25 years in prison and three years of supervised release. The sentence is set to begin in April 2023.
She was charged with wire fraud conspiracy and various counts of wire fraud for fooling investors, patients, and advertisers… all in the name of money and glory. She was found not guilty on four counts, but the jury couldn’t agree on three of them.
In addition, Holmes quoted a Rumi quote, stating, “I attempted to alter the world yesterday. Today, I’m wise and wish to change.”
The billion-dollar company promised to make blood testing cheaper and easier, but it was later revealed that its devices could only successfully complete 12 tests… rather than Elizabeth’s claim of 1,000. Three years later, the company was closed down.