Elizabeth Holmes has been sentenced to 11 years and three months in prison, with another three years of probationby defraud investors while was in front of the low-cost blood testing company, Theranos.
Holmes, 38, was found guilty in January by a jury from the Court of San Jose, in Californiaand now Judge Edward Davila has determined the penalty, which was estimated to be could go up to 20 years in prison.
It is expected that make a claim, despite the fact that in his speech he has recognized his mistakes on several occasions, according to what CNN has collected. The judgment also includes a fine between 400 and 100 dollars for each fraud charge made, a restitution to be determined at a later date, as reported by the same source, although in January it was stipulated that He faced a $250,000 penalty..
The lawyers in defense of the Government had demanded a prison sentence of 15 years with probation and restitution, while the defense team demanded only 18 months in jail and a subsequent probation with community services.
In his intervention She has been very affected and has assured that this company “was the work of her life” and that the people he tried to get involved with were the ones he most “loved and respected”. He has also issued an apology addressed to the Theranos employees, investors and patients. “So sorry. I gave everything I had to build our company and save it. I regret my failures with every cell in my body,” she assured.
The sentence marks the end of a saga of almost two decades since in 2003 the then Silicon Valley favorite and the signatures of venture capital to found Theranoswhich at its zenith reached a valuation of 9,000 million dollars (7,944 million euros) and was dissolved in 2018 when its methods were called into question.
Source: Lasexta
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