Holmes, ex-CEO of Theranos, was found guilty in January on four counts of fraud for misleading investors. Federal prosecutors had asked for a 15-year sentence.
Theranos founder and once-billionaire Elizabeth Holmes was sentenced by a California judge on Friday to 135 months in prison on three counts of investor fraud and one count of conspiracy, according to a report from Reuters.
Holmes was found guilty in January for misleading investors on her startup’s blood-testing equipment that promised patients accurate, fast results from only one drop of blood. Federal prosecutors had asked the judge presiding over the case, U.S. District Judge Edward Davila, for a 15-year sentence, while Holmes requested 18 months in home confinement.
Prior to handing out Friday’s sentencing, Davila said Holmes’ case was “troubling on so many levels,” according to Reuters.
“This is a fraud case where an exciting venture went forward with great expectations only to be dashed by untruths, misrepresentations, plain hubris and lies,” Davila added.
