'Elizabeth Holmes Sentenced Over 11 Years in Prison for
Over 11 Years in Prison for
Elizabeth Holmes,
the founder and former CEO of the doomed medical startup firm Theranos, has been sentenced
25 years in
prison for her role in defrauding investors and consumers about the potential of her company’
Holmes’ sentence
will be followed by three years of supervised release
She will
be required to self-surrender at a later date, according to NBC
District Court
Judge Edward Davila announced the sentencing Friday after a hearing that lasted over four hours
As sentencing
her to 11 years and three months in prison, Holmes tearfully hugged her family as the
Davila presided
over the Holmes trial in federal court in San Jose last fall and winter, which
Holmes, who
is currently pregnant with her second child, had been facing as much as 20 years in
Judge Davila
said that while the loss from investors totals over $300 million, the court will determine how
In the
trial, Holmes delivered a tearful testimony in which she said, “I stand before you taking
UTA Agent Cheryl Paglierani
Executive of the Week