Categories: Top Stories

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).

 

Advertisement

 

The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood.

Advertisement

Holmes, 38, who is pregnant, tearfully told the court she felt “deep pain” for those misled by the scam.

 

Advertisement

She was found guilty in January after a three-month trial.

 

Advertisement

Holmes is expected to appeal against the sentence, which was handed down on Friday in a California court.

Details later….

Advertisement
Sola Adeyemo

Recent Posts

NIGERIAN BREWERIES PARTNERS OZA CARNIVAL

PRESS STATEMENT Nigerian Breweries PLC - The pioneer and largest brewing company in Nigeria which is…

10 hours ago

CAF Made Me Believe I Won – Achraf Hakimi

Paris Saint-Germain star Achraf Hakimi has spoken out following his defeat by Ademola Lookman for…

22 hours ago

Oleksandr Usyk defeats Tyson Fury to tetain heavyweight title

Ukrainian boxer Oleksandr Usyk reinforced his position as one of the greatest heavyweight champions in…

22 hours ago

Nigerian Emergency Agency NEMA Puts All Offices On Alert Over Fatal Stampedes

The National Emergency Management Agency (NEMA) has said it has put all its zonal, territorial…

22 hours ago

We Will Bury PDP, Ibori’s Daughter Blows Hot

Erhiatake Ibori-Suenu, member representing Ethiope Federal Constituency of Delta State in the House of Representatives…

22 hours ago

Emefiele: EFCC secures final forfeiture of 1.925 hectares of landed property linked to former CBN Governor

The Economic and Financial Crimes Commission (EFCC) has reportedly secured a final forfeiture order for…

22 hours ago