HomeWorldThe founder of Theranos...

The founder of Theranos was sentenced to 11 years in prison

Photo: Getty

The woman deceived investors, claiming that her development was capable of performing multiple blood tests with a few drops.

In the United States on Friday, November 18, the founder of the medical startup Theranos, Elizabeth Holmes, was sentenced, found guilty on four of 11 charges of fraud, Reuters reports.

It was noted that US District Judge Edward Davil found Holmes guilty on four counts. The prosecutor asked for a longer term for him – 15 years, while Holmes himself called for a milder punishment – 18 months of house arrest followed by community service.

Prosecutors said in court that Holmes defrauded Theranos’ technology and finances, including by alleging that its miniature blood test machine was capable of performing multiple tests on a few drops of blood.

“The company secretly relied on conventional machines from other companies to test patients,” prosecutors said.

Note that Theranos was once valued at $9 billion, and Holmes was called the youngest female billionaire in 2014. However, after a series of articles in the Wall Street Journal in 2015, the startup collapsed. At trial, prosecutors said Holmes engaged in fraud, lying to investors about Theranos’ technology and finances, instead of reporting the company’s collapse.

The court ruled that Holmes must be jailed until April 27, 2023. He is expected to appeal his sentence.

By the way, Holmes ranked sixth in the ranking of the most famous women of 2015.

The whole world was fooled. The “Jobs in a skirt” test

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...

Russians were pushed to Constant and could be shot by a garden from artillery

The Russians have advanced towards Konstantinovka and are already shooting from artillery Ukrainian positions near the city. This is indicated in the report of the Institute of Military Research (ISW). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...