Elizabeth Holmes was sentenced on Friday to 11 years and three months—or 135 months—in prison after she was found to have engaged in a multimillion-dollar scheme to defraud investors in her failed company, Theranos, which offered blood testing lab services.
The sentencing by U.S. District Judge Edward Davila in San Jose, California, came after Holmes was in January convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud to defraud investors. The jury verdict was reached after a trial that spanned three months.
