US Politics | Ex-Theranos CEO Elizabeth Holmes sentenced to over 11 years in prison after monthslong trial
FORMER Theranos CEO Elizabeth Holmes has been sentenced to 11.25 years behind bars after being convicted of a yearslong fraud scheme. Holmes is set to report to prison on April 27, 2023, which will mark the beginning of her 135-month sentence. 
Former Theranos CEO Elizabeth Holmes was sentenced to more than 11 years in prisonGetty 
Holmes was the CEO of Theranos throughout the company's 15-year historyReuters 
Holmes was sentenced to more than 11 years behind bars after being convicted on four charges earlier this yearReuters Holmes faced a maximum of 20 years, while her team had been seeking a home confinement term of no more than 18 months. The sentence was delivered by U.S. District Judge Edward Davila. Addressing the court after her sentencing, Holmes said: "I tried to realize my dream too quickly and did too many things at the same time.... "I regret my failings with every cell in my body." READ MORE CRIME STORIES 
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STABBED IN SLEEP? Four Idaho students' bodies were found in beds & house door had lock code A hearing will be set for a later date to determine how much Holmes will be forced to pay in restitution. Holmes was initially convicted in January on four counts of investor fraud and conspiracy. She was accused of duping now-defunct health technology company Theranos investors after promising a blood testing technology that never wound up working. Holmes has 14 days to appeal her conviction. Most read in The US Sun IN THE RED Serena Williams' stepmom's debts revealed amid crumbling childhood home battle SKIMMING IT I'm plus-size with 38DDD boobs …I tried the viral Kim Kardashian Skims bodysuit HIDDEN DANGER Family horrified by spotting deadly beast hidden in photo… can you find it? BIG MOVE DWTS pro Cheryl 'gives producers an ultimatum' after judge Len quits show DARK WHISPERS Chilling words of rapist in case 'linked to JonBenet Ramsey' murder revealed FOUR-WARNED I am a time traveller from 2671 - here are 4 dates 'big things' will happen She was once considered to be ...the next Steve Jobs... after founding a blood-testing start-up that was previously valued at $10billion. Holmes founded the blood-testing company in 2003 at the age of just 19 and she pitched the technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. Holmes said she was inspired to start the company in response to her fear of needles. At the peak of the Theranos organization, it was reported the company sold more than 1.5 million blood tests, for nearly 176,000 patients. The patients collectively received 7.8million test results, most of which were proven to be inaccurate. She was the CEO for the company's 15-year history. Holmes stands accused of knowingly distributing false information to customers alongside former Theranos President \- and her ex-boyfriend \- Ramesh "Sunny" Balwani. Read More on The US Sun 
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REMEMBER THE TIME I was a zombie in Thriller & surprised by what Michael Jackson was like In March 2018, she and Balwani were arrested on charges related to the allegations and a trial began in August 2021. On January 3, 2022, a jury consisting of eight men and women found Holmes guilty on four counts of fraud and conspiracy and not guilty on four other felony charges.
Former Theranos CEO Elizabeth Holmes was sentenced to more than 11 years in prisonGetty Holmes was the CEO of Theranos throughout the company's 15-year historyReuters Holmes was sentenced to more than 11 years behind bars after being convicted on four charges earlier this yearReuters Holmes faced a maximum of 20 years, while her team had been seeking a home confinement term of no more than 18 months. The sentence was delivered by U.S. District Judge Edward Davila. Addressing the court after her sentencing, Holmes said: "I tried to realize my dream too quickly and did too many things at the same time.... "I regret my failings with every cell in my body." READ MORE CRIME STORIES DEATH RIDDLE Chilling new clue in surveillance vid may solve brutal murder of mom STABBED IN SLEEP? Four Idaho students' bodies were found in beds & house door had lock code A hearing will be set for a later date to determine how much Holmes will be forced to pay in restitution. Holmes was initially convicted in January on four counts of investor fraud and conspiracy. She was accused of duping now-defunct health technology company Theranos investors after promising a blood testing technology that never wound up working. Holmes has 14 days to appeal her conviction. Most read in The US Sun IN THE RED Serena Williams' stepmom's debts revealed amid crumbling childhood home battle SKIMMING IT I'm plus-size with 38DDD boobs …I tried the viral Kim Kardashian Skims bodysuit HIDDEN DANGER Family horrified by spotting deadly beast hidden in photo… can you find it? BIG MOVE DWTS pro Cheryl 'gives producers an ultimatum' after judge Len quits show DARK WHISPERS Chilling words of rapist in case 'linked to JonBenet Ramsey' murder revealed FOUR-WARNED I am a time traveller from 2671 - here are 4 dates 'big things' will happen She was once considered to be ...the next Steve Jobs... after founding a blood-testing start-up that was previously valued at $10billion. Holmes founded the blood-testing company in 2003 at the age of just 19 and she pitched the technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. Holmes said she was inspired to start the company in response to her fear of needles. At the peak of the Theranos organization, it was reported the company sold more than 1.5 million blood tests, for nearly 176,000 patients. The patients collectively received 7.8million test results, most of which were proven to be inaccurate. She was the CEO for the company's 15-year history. Holmes stands accused of knowingly distributing false information to customers alongside former Theranos President \- and her ex-boyfriend \- Ramesh "Sunny" Balwani. Read More on The US Sun BIDEN TIME Inside Naomi Biden's glam White House wedding in first glimpse of dress & decor REMEMBER THE TIME I was a zombie in Thriller & surprised by what Michael Jackson was like In March 2018, she and Balwani were arrested on charges related to the allegations and a trial began in August 2021. On January 3, 2022, a jury consisting of eight men and women found Holmes guilty on four counts of fraud and conspiracy and not guilty on four other felony charges.
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