Former Theranos CEO Elizabeth Holmes starts 11-year prison sentence
The disgraced biotech CEO, once compared to Steve Jobs, is now in custody at a Texas prison.
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The disgraced biotech CEO, once compared to Steve Jobs, is now in custody at a Texas prison.
Prosecutors have called for the disgraced executive to serve 15 years, while her lawyers say she doesn't belong behind bars.
Former Theranos CEO Elizabeth Holmes has been convicted of four counts of fraud, but she was acquitted of four other charges. The jury said earlier they were deadlocked on the three remaining charges.
Theranos founder Elizabeth Holmes has been indicted on federal wire fraud charges.
Theranos founder and CEO Elizabeth Holmes defrauded investors in raising more than $700 million in funding for her blood-testing startup, the U.S. Securities and Exchange Commission said on Wednesday.
Forbes has revised the net worth of the woman it crowned America's richest self-made woman last year from $4.5 billion to nothing.