Elizabeth Holmes sentenced to 11 years in prison on fraud charges | Engadget

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Elizabeth Holmes sentenced to 11 years in prison on fraud charges

Throughout the trial, Holmes’ lawyers tried to portray the Theranos founder as a young and inexperienced entrepreneur who hadn’t intended to deceive investors or the public. During her testimony, Holmes blamed many of Theranos’ problems on others at the company, including her former partner Ramesh “Sunny” Balwani.

She also testified that Balwani was abusive during their romantic relationship, and that he had misled her about what was happening in Theranos’ lab. Balwani, who as COO also oversaw day-to-day operations of the company’s lab, wason 12 counts of fraud in a separate trial earlier this year. His sentencing is scheduled for December.

Even at her sentencing, Holmes proved she still has influential allies to defend her. Several Silicon Valley investors, including early Theranos backer Tim Draper, wrote letters of support urging the judge for a lighter sentence. New Jersey Senator Cory BookerHolmes delivered a brief statement at her sentencing hearing. “I regret my failings with every cell of my body,” she said,Dorothy Atkins. Holmes was crying throughout her statement, according to multiple reporters in the courtroom.

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See ya!

18 months of house arrest? Ewe 😆

She needs somebody rn to put a lil' money on her books for Doritos and ramen. Might just slip myself into this woman's heart.💵

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