Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison

Theranos founder Elizabeth Holmes was sentenced by the U.S. District Court for the Northern District of California to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company’s blood-testing technology. She was ordered to surrender on April 27. Once valued at $9 billion by private investors, Theranos shut down in 2018.

https://www.cnbc.com/2022/11/18/former-theranos-ceo-elizabeth-holmes-sentenced-to-more-than-11-years-in-prison.html

Chartr in September 2021 while sharing a chart on the Rise & Fall of Theranos wrote: Elizabeth Holmes' grand vision was in blood testing. Theranos supposedly developed, or would develop, a way to run 200+ medical tests, from just a few drops of blood. That pitch ended up raising millions in funding, each round building hype and expectation that saw Holmes meet world leaders, go on TV and amass a personal fortune of $4.5bn+ on paper, as Theranos reached a dizzying $9bn valuation in early 2014.