Elizabeth Holmes gets more than 11 years for Theranos scam

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Disgraced Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit.

Theranos founder and CEO Elizabeth Holmes, center, walks into federal court with her partner Billy Evans, right, and her parents in San Jose, Calif., Friday, Nov. 18, 2022. A federal judge will decide whether Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.

“This is a very heavy sentence," said Rachel Fiset, a defense lawyer who has also been involved in health care cases. Before handing down the sentence, Davila reflected on Silicon Valley's transition from an agricultural hub populated by farmers and ranchers to a “crucible of innovation” brimming with bright-eyed entrepreneurs dreaming of changing the world.

Davila suggested that the letters might have struck a different tone had the writers seen and heard all the evidence shown to the jury. Before the first in a series of Journal articles appeared in October 2015, Alexander Shultz said Holmes hired private investigators to follow Tyler. The surveillance made Tyler so fearful that Alexander said his son began sleeping in his bed with a knife.

 

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