Elizabeth Holmes, founder and former chairman of Theranos, recently recognized as the youngest female billionaire, was sentenced to 11 years in Texas on Tuesday for fraud and defrauding investors.
Ukrinform reported that this was stated in a message from CBS News.
“Holmes, 39, will serve her sentence at a minimum security women’s camp in Bryan, Texas, about 150 kilometers northwest of Houston, where she grew up and aspires to be a tech visionary like Apple co-founder Steve Jobs.” he said in the message.
The woman left a three-month-old daughter, as well as an almost two-year-old son, who was born a few weeks before the start of the trial.
The channel states that the former head of Theranos can be visited by family members, as well as playgrounds for children and family gatherings.
As reported, Theranos company has been working for years on the development of a universal device that, according to the authors, should diagnose diseases with a drop of blood. However, according to the indictment, this device turned out to be a hoax, and the company’s president, Holmes, was accused of deliberately misleading the project’s investors. A jury found him guilty on four of 11 counts, including conspiracy to defraud investors, defraud the public, and radio fraud.
Photo: Fox Business