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Former biotech entrepreneur and media darling Elizabeth Holmes was sentenced on Friday to 11 years in prison after tricking investors into believing she had revolutionized blood testing.
Holmes — who ran the fraudulent biotechnology company Theranos — formally received 135 months in prison. The Department of Justice had requested that the disgraced founder receive 15 years in prison and be forced to pay $800 million in restitution.
“Considering the extensiveness of Holmes’ fraud … the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” federal prosecutors stated.
Holmes, whoo is currently pregnant with her second child, was convicted on four counts of wire fraud back in January following a months-long trial.
