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Elizabeth Holmes Sentenced to 11 Years for Theranos Fraud

  • Blood-testing startup’s founder was convicted in January
  • Prosecutors say Holmes bilked investors out of millions
Bloomberg business news
Elizabeth Holmes Sentenced to 11 Years
Updated on

Elizabeth Holmes was ordered to spend more than 11 years in prison for fraudulently building her blood-testing startup Theranos Inc. into a $9 billion company that collapsed in scandal.

The sentence imposed Friday by US District Judge Edward Davila in San Jose, California, is far closer to the 15-year term prosecutors asked for than what Holmes’s lawyers sought -- home detention or 18 months in prison at most.