Disgraced Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit.
After being convicted of investor fraud and conspiracy earlier this year Holmes’ sentencing marks a climactic moment in a saga that has been dissected books and on TV.
Assistant U.S. Attorney Robert Leach portrayed Holmes as a liar who duped investors in her failed blood testing company out of hundreds of millions of dollars and put the health of patients at risk by going to market with an unproven and unreliable medical device.
The sentence imposed Friday by U.S. District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors. But it was far tougher than the leniency her legal team sought for the mother of a year-old son with another child on the way.