Elizabeth Holmes gets 11 years for Theranos fraud

Founder and former CEO of the now-defunct Theranos, Elizabeth Holmes, was found guilty on three charges of wire fraud and one count of conspiracy to commit fraud, along with her co-founder and former business partner, Sunny Balwani. A judge handed down a 135-month (roughly 11-and-a-half-year) prison term on November 18, 2022, for her role in a $121 million fraud scheme that bilked ten people.
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