{"id":1744388,"date":"2022-11-18T17:48:39","date_gmt":"2022-11-18T22:48:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1744388"},"modified":"2022-11-18T17:48:42","modified_gmt":"2022-11-18T22:48:42","slug":"breaking-elizabeth-holmes-disgraced-media-darling-behind-theranos-fraud-sentenced-to-11-years-in-prison","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-elizabeth-holmes-disgraced-media-darling-behind-theranos-fraud-sentenced-to-11-years-in-prison\/","title":{"rendered":"BREAKING: Elizabeth Holmes, Disgraced Media Darling Behind Theranos Fraud, Sentenced To 11 Years In Prison"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-elizabeth-holmes-disgraced-media-darling-behind-theranos-fraud-sentenced-to-11-years-in-prison%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1744388&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former biotech entrepreneur and media darling Elizabeth Holmes was sentenced on Friday to 11 years in prison.<\/p>\n<p>Holmes \u2014 who ran the fraudulent biotechnology company Theranos \u2014 formally received 135 months in prison. The Department of Justice had requested that the disgraced founder receive 15 years in prison and be forced to pay $800 million in restitution.<\/p>\n<p>\u201cConsidering the extensiveness of Holmes\u2019 fraud \u2026 the sentencing of 180 months\u2019 imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,\u201d federal prosecutors\u00a0<a href=\"https:\/\/www.ndtv.com\/business\/us-seeks-15-years-in-prison-for-elizabeth-holmes-over-theranos-fraud-3518686\" target=\"_blank\" rel=\"noopener\">stated<\/a>.<\/p>\n<p>Holmes was <a href=\"https:\/\/www.dailywire.com\/news\/elizabeth-holmes-found-guilty-on-four-counts-of-defrauding-theranos-investors\" target=\"_blank\" rel=\"noopener\">convicted<\/a> on four counts of wire fraud back in January, following a months-long trial. Her downfall comes after she deceived investors into believing her company\u2019s portable blood analyzer could conduct comprehensive blood tests with mere drops of blood. Her now-fallen empire once secured a $9 billion valuation, and in 2014, she was touted as the world\u2019s youngest self-made woman billionaire.<\/p>\n<p>She has 14 days to appeal her conviction, <a href=\"https:\/\/www.wsj.com\/livecoverage\/elizabeth-holmes-sentencing-theranos-trial\">according<\/a> to The Wall Street Journal.<\/p>\n<p>As an entrepreneur, Holmes managed to attract several prominent political and business leaders to back her firm \u2014 including former Secretary of State George Shultz and former Defense Secretary James Mattis. Holmes also had close ties to the Clinton family and hosted a fundraiser for Hillary Clinton in 2016.<\/p>\n<p>At trial, Holmes\u2019 legal team argued that \u201cshe was merely a young, na\u00efve, ambitious founder who relied too much on others who gave her bad advice,\u201d and claimed she lacked experience, according to <a href=\"https:\/\/www.nytimes.com\/live\/2021\/11\/19\/technology\/elizabeth-holmes-theranos-trial?campaign_id=9&#038;emc=edit_nn_20211121&#038;instance_id=45964&#038;nl=the-morning&#038;regi_id=168931662&#038;segment_id=75001&#038;te=1&#038;user_id=3197b7108b8b361e088b72b939e051d0\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a>. Holmes also attempted to accuse her ex-boyfriend and Theranos\u2019 ex-president Ramesh \u201cSunny\u201d Balwani of abuse; however, the couples\u2019 text messages seemed to\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/texts-between-theranos-founder-elizabeth-holmes-and-ex-boyfriend-cast-doubt-on-her-abuse-claims\" target=\"_blank\" rel=\"noopener\">depict a loving relationship<\/a>.<\/p>\n<p><em>Ben Zeisloft contributed to this report.\u00a0<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former biotech entrepreneur and media darling Elizabeth Holmes was sentenced on Friday to 11 years in prison. Holmes \u2014 who ran the fraudulent biotechnology company Theranos \u2014 formally received 135 months in prison. The Department of Justice had requested that the disgraced founder receive 15 years in prison and be forced to pay $800 million &#8230;<\/p>\n","protected":false},"author":282,"featured_media":1744391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1744388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1744388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/282"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1744388"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1744388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1744391"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1744388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1744388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1744388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}