Juror names two 'smoking guns' that proved Elizabeth Holmes' guilty
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Elizabeth Holmes has been sentenced to more than 11 years behind bars.
U.S. District Judge Edward Davila handed down a 135-month prison term to the disgraced Theranos founder in a San Jose, California, federal courthouse on Friday. A restitution hearing will be set for a later date.
The former Silicon Valley darling faced as much as 20 years in prison for duping investors out of hundreds of millions of dollars on false promises that she had developed technology that would revolutionize health care.
Holmes was convicted in January on three charges of wire fraud and one conspiracy charge after a jury found she criminally deceived investors over false claims that her company's blood-testing technology could diagnose diseases with just a few drops of blood.
She was originally indicted on 11 charges, acquitted of four, and the jury could not reach a verdict on the remaining three.
Prosecutors had asked that Holmes serve 15 years behind bars for her crimes, calling the case "one of the most substantial white collar offenses Silicon Valley or any other District has seen." A probation report had asked for 9 years.
Beyond the harm Holmes did to Theranos' investors, several factors weighed against Holmes in her sentencing, according to Andrew George, partner at Washington, D.C.-based law firm Baker Botts. He told FOX Business ahead of...
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