The freedom of Theranos CEO Elizabeth Holmes ended. She will now begin her sentence in prison for eleven years after committing a massive fraud through her startup, Theranos.
Theranos CEO Elizabeth Holmes before guilty of massive fraud, In 2015, Forbes ranked her as the youngest and wealthiest self-made businesswoman
Today will be the end of freedom for Theranos CEO Elizabeth Holmes before she starts her 11-year prison sentence for committing a fraud scam through her multibillion-dollar company, Theranos.
The sentence for Theranos CEO Elizabeth Holmes is without parole. But Theranos CEO Elizabeth Holmes could be entitled to so-called good conduct credit and may qualify for relief under the First Step Act, a justice legislation signed by former President Trump.
Theranos CEO Elizabeth Holmes founded the startup company Theranos, which claimed to create a method to conduct blood testing with an amount as small as a finger prick. The company had a $9 billion company value. Oracle founder Larry Ellison and Rupert Murdoch, former Secretary of State Henry Kissinger are the big investors. Theranos CEO Elizabeth Holmes eventually owes Rupert Murdoch over $124 million for defrauding him.
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A fawning press documentary about the Theranos CEO Elizabeth Holmes gave way to initiate investigations about the now guilty swindler
Theranos CEO Elizabeth Holmes attended a trial at a courthouse in California, where jurors agreed that fraud was present in her enterprise. After that defeat, the court gives Theranos CEO Elizabeth Holmes the right to attend to child-care and medical needs of her children before her prison sentence begins.
Theranos CEO Elizabeth Holmes will serve his 11 years imprisonment at Federal Prison Camp Bryan in Texas.
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