(NewsNation) — The former CEO of Theranos was sentenced to prison Friday, and the whistleblower who first spoke up about her fraud believes justice was served.
Elizabeth Holmes will spend more than 11 years in prison for duping investors who gave nearly $1 billion to the startup that promised to revolutionize blood testing. They were sold on a product that never even worked.
Holmes, 38, faced a maximum of 20 years in prison. Her legal team requested no more than 18 months, preferably served in home confinement. Prosecutors asked for 15 years.
The sentencing in the same San Jose courtroom where Holmes was convicted on four counts of investor fraud and conspiracy marked another climactic moment in a saga that has been dissected in an HBO documentary and an award-winning Hulu series.
Theranos promised to deliver revolutionary technology that could scan for hundreds of diseases and other aliments with just a few drops of blood. But, it never worked. Evidence submitted during her trial showed the blood tests produced wildly unreliable results that could have steered patients toward the wrong treatments.
Tyler Shultz is the first whistleblower who reported the troubling findings to federal regulators.
“I do think justice was served,” Shultz said Friday on “CUOMO.” “There were a lot of external factors at play … so I’m happy that none of those external factors seemed to really play a role in sentencing.”
One of those external factors is that Holmes is pregnant. Although her...
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