Theranos founder Elizabeth Holmes sentenced to 11 years in prison

Elizabeth Holmes, the founder of blood-testing startup Theranos, was sentenced to more than 11 years in prison for defrauding investors, The Wall Street Journal reported Nov. 18.  

On Nov. 18, U.S. District Judge Edward Davila ordered Ms. Holmes to serve 135 months, or 11.25 years in prison, and to surrender on April 27, 2023.

In January, a jury convicted Ms. Holmes on four charges that she misrepresented the startup's technology, finances and business prospects to investors.

Mr. Davila is scheduling another hearing for Ms. Holmes' restitution. 

Ms. Holmes has 14 days to appeal her conviction, and her lawyers are seeking to let her stay out of prison pending her appeal, the Journal reported.

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