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author_name|Karissa Bell Company Legal & Law Matters Crime & Justice language|en-US provider_name|Engadget region|US site|engadget Society & Culture

How was Elizabeth Holmes, founder of Theranos, sentenced to 11 years in prison?


More than seven years after the first The Wall Street Gazette Theranos’ story about problems with blood tests, founder Elizabeth Holmes, was sentenced to more than a decade in prison for defrauding the company’s investors. During a trial that lasted months, he was found guilty of four scams, which his lawyers claimed was an inexperienced entrepreneur with no intent to mislead anyone.

Holmes’ story is now well known. He founded Theranos as a college dropout, raising hundreds of millions of dollars from high-profile investors, and courting former high-ranking government officials for the board. Since then, the rapid rise and fall of Holmes and Theranos has taken on a life of its own, with major podcasts, books, and a recent Hulu miniseries.

But Holmes himself remained almost completely silent. His trial and sentencing, where he testified in his own defense, were the only times he spoke publicly about what went wrong with Theranos and how he felt after all these years. Watch the video above for the full story.

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