The sentence capped a years-long saga that has captivated the public and ignited debates about Silicon Valley's culture of hype and exaggeration. Holmes, who raised $945 million for Theranos and promised that the startup would revolutionize healthcare with tests that required just a few drops of blood, was convicted in January of four counts of wire fraud for deceiving investors with those claims.
Judge Edward J Davila of the US district court for the Northern District of California sentenced Holmes to 135 months in prison, which is slightly more than 11 years, followed by three years of supervised release. Holmes, 38, who plans to appeal the verdict, must surrender to custody on April 27, 2023.
Denne historien er fra November 20, 2022-utgaven av The Times of India.
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Denne historien er fra November 20, 2022-utgaven av The Times of India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Song and dance there, but where is Brazil's soul?
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