Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud

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Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud
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Fallen US biotech star Elizabeth Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up firm Theranos. | AFP

Moments before her sentencing, a tearful Holmes told the court: “I stand before you taking responsibility for Theranos. I loved Theranos. It was my life’s work.

She sold investors on the idea that her invention would disrupt medical practice, replacing expensive lab tests with her cheap kits. Holmes was sentenced Friday by the same judge who presided over her long trial in a US court in the Silicon Valley city of San Jose. “I am confident that on the other side of this, Elizabeth will do amazing things for society with her talents and boundless passion for changing the world for the better,” said one letter.

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