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.
