Pregnant Elizabeth Holmes Sentenced to 11 Years in Jail for Fraud

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

Choose Edward Davila sentenced the 38-year-old medical expertise 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 accordance with the Wall Road Journal. The previous CEO — who was discovered responsible in January on 4 counts of defrauding traders — additionally faces three years of supervision upon her launch, in addition to a positive of $100 per every depend 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’ progressive medical expertise may carry out correct blood assessments that solely required a finger prick.

The Yale alum, who raised over $700 million from traders for the product, was charged with a number of counts of fraud alongside her ex-boyfriend and enterprise companion 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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