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….
IPOB PRESS RELEASE 22/11/2024 SIMON EKPA IS NOT AN IPOB MEMBER AND MUST NOT BE…
NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024. *PUNCH* Gombe begins N28bn Assembly, high court complexes…
Former bread seller turned model, Olajumoke Orisaguna, popularly known as Olajumoke Onibread, has opened up…
Senate Majority Leader, Opeyemi Bamidele has denies reports that he was involved in a fight…
– says lawmakers united to meet yearnings of Lagosians – accuses detractors of peddling news…
The Coalition of Lagos Indigenous Youths has rejected the recent endorsement of Mr Seyi Tinubu,…