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Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud

For her part in cheating investors out of hundreds of millions of dollars, Elizabeth Holmes, the former CEO of Theranos, was given a sentence of more than 11 years in federal prison on Friday. In a case that U.S. District Judge Edward Davila called “troubling on so many levels,” Holmes, once hailed as a Silicon Valley wunderkind, received a prison term on April 27, 2023. A sobbing Holmes stood up and addressed the judge directly before Davila handed down his sentence. “There are so many things I would change if I could go back in time. My failures are regretted by every cell in my body “She stated this. Holmes’s defence team hoped for a modest prison sentence, or possibly home confinement. Holmes, 38, is due to report to prison in five months. After her release, she will be under legal surveillance for three years.

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