US: Theranos founder Elizabeth Holmes sentenced 11 years in prison for defrauding

In the United States, Theranos founder Elizabeth Holmes was sentenced 11 years in prison for defrauding. Theranos was a startup that promised to revolutionize blood testing. Holmes was convicted in January on four counts of investor fraud and conspiracy while at the helm of Theranos. The verdict followed a four-month trial. Her downfall began in 2015 amid investigations from journalists and regulators over the medical company’s faulty product, which claimed to provide accurate information from tests using just a finger-prick of blood.



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