Elizabeth Holmes Sentenced to 11 Years in Prison for Fraudulent Blood-Testing Scheme

1: elizabeth holmes was convicted of fraud for falsely claiming her blood testing start-up, theranos, could diagnose disease with just a few drops of blood. her business partner, sunny balwani, was also sentenced to nearly 13 years in prison in december. prosecutors claim holmes and balwani attempted to flee the us shortly after their convictions by buying one-way tickets to mexico.

2: holmes was sentenced to more than 11 years in prison in november 2020 and was ordered to self-surrender to prison on 27 april 2021. holmes has appealed her conviction and is asking a judge to let her remain free beyond april while her appeal is heard in federal court. a judge will hear her motion to delay her prison sentence pending appeal on 17 march.

3: holmes launched theranos after dropping out of stanford university at age 19. the company’s value skyrocketed after executives claimed it could bring about a revolution in disease diagnosis. the rise and fall of the start-up was chronicled in several popular podcasts and tv shows. holmes has apologised for her business “failings” and said she has “felt deep pain for what people went through”. theranos was once valued at $9bn, but was dissolved in 2018.


By Evey Lovelace

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