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Former Theranos CEO Elizabeth Holmes has been sentenced to 11.25 years successful situation 10 months aft she was recovered blameworthy connected 4 fraud-related charges.
Amanda Seyfried Reveals Most Challenging Aspect of Dropout Role
Former Theranos CEO Elizabeth Holmes will beryllium spending clip down bars.
The 38-year-old—who was portrayed by Amanda Seyfried successful Hulu's The Dropout, a TV bid documenting the downfall of the entrepreneur's wellness exertion company—was sentenced to 11.25 years successful situation and 3 years of supervised merchandise aft she was found blameworthy connected 4 fraud-related charges, according to NBC News. The judgement was passed down connected Nov. 18, on with orders for her to surrender to authorities connected April 27, 2023.
The sentencing was initially scheduled for past month, but was pushed back aft Holmes' legal squad said a witnesser who testified successful the four-month proceedings visited her location to explicit regret, according to CNN.
During the trial, prosecutors accused Holmes of defrauding investors, doctors and patients with her business, which purported to person developed a blood-testing method that gets accelerated and close results by simply utilizing a tiny magnitude of illustration gathered done a digit prick.
On Jan. 3, a California jury found Holmes blameworthy of one number of conspiracy to perpetrate ligament fraud and 3 counts of ligament fraud. However, jurors determined that she was not blameworthy of a 2nd number of conspiracy to perpetrate ligament fraud and reached nary verdict connected 3 much counts of ligament fraud. She was additionally recovered not blameworthy connected the last 3 counts successful the case.
A Stanford University dropout, Holmes became somewhat of a "tech visionary" successful Silicon Valley after founding Theranos successful 2003. The institution was backed by high-profile investors specified arsenic task capitalist Tim Draper and media mogul Rupert Murdoch, per CNBC.
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However, pursuing a 2015 Wall Street Journal report, which claimed that Theranos' exertion was faulty and babelike connected third-party blood-testing machines for its results, Holmes was accused of making "numerous misrepresentations" about the institution to make revenue, according to the U.S. Attorney's Office.
The ungraded since inspired respective projects chronicling Theranos' autumn from grace, including John Carreyrou's book Bad Blood and the HBO documentary The Inventor.
Read much about the controversy here.
E! News reached retired to Holmes' lawyer for remark connected her sentencing but has not heard back.
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