Monday, October 2, 2023

Theranos Founder Elizabeth Holmes Sentenced To 11 Years In Prison For Fraud…

Elizabeth Holmes Sentenced: Elizabeth Holmes, the founder of America’s blood testing company Theranos, has been sentenced to 11 years and 3 months in prison by a California court. This punishment has been given to Holmes in the case of fraud with investors. After a 3-month trial in court, he was found guilty in January of defrauding investors and lying about his technology. He promised to revolutionize blood testing in America and cheated in the name of it.

Let us tell you that Elizabeth Holmes started the Theranos company at the age of just 19 and she became the world’s youngest billionaire woman in a very short time. However, she then got embroiled in controversies of defrauding investors. For this reason, he completely shut down the Theranos company in 2018.

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Elizabeth Holmes started crying in court

After being sentenced, Elizabeth Holmes hugged her parents and partner in the courtroom itself. In the court, she wept and said that if she had the chance, she would have done many things very differently. I feel ashamed for what people went through. I have disappointed many people.

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acquitted in cases of cheating patients

According to the ABC News report, Holmes was found guilty on 4 of the 11 counts. In court, the jury, while giving its verdict, said that Holmes had lied to investors about the company in order to get money from them. He was acquitted by the court in 4 cases of cheating patients. In view of the evidence presented by Elizabeth Holmes in the case of deceiving patients, the jury acquitted her of these cases. People from both sides were present in the court.

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The court has ordered Holmes to remain under police supervision for three years even after the sentence. Even before the sentence was pronounced by the court, Elizabeth Holmes started crying and apologizing. To apologize, he also read a few lines of poet Rumi’s poem. He said that yesterday I was clever, so I wanted to change the world. Today I am sensible, so I am changing myself.

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