BREAKING: Elizabeth Holmes, the founder of healthcare startup Theranos, was sentenced to over 11 years in prison after being found guilty of wire fraud and conspiracy.
Judge Davila eventually ordered her to pay a smaller sum of $121million to 10 major Theranos investors, including Rupert Murdoch and Betsy DeVos.
Holmes is pregnant with her second child. Her first was born while she was on trial. In a 12-page letter sent to the court before the hearing, Holmes’s partner William Evans asked the judge for mercy for the young family. Elizabeth Holmes walks into her sentencing hearing alongside her parents and her partner Billy Evans Inspired by a childhood fear of needles, Holmes claimed to have invented a machine that could perform blood tests using only a finger prick.
Some of her early investors included News Corp chairman Rupert Murdoch and the Walton family, the owners of Walmart. Alex testified that Holmes hired a private investigator to follow his son, and that he ‘slept with a knife under his pillow’ out of fear for his life.
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