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Breaking: Theranos Founder, Elizabeth Holmes jailed for fraud
Theranos founder Elizabeth Holmes has been sentenced to over 11 years in prison for defrauding investors in her blood testing start-up that was once valued at $9bn (£7.5bn).
The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood.
Holmes, 38, who is pregnant, tearfully told the court she felt “deep pain” for those misled by the scam.
She was found guilty in January after a three-month trial.
Holmes is expected to appeal against the sentence, which was handed down on Friday in a California court.
Details later….
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