From Mashable · Matt Binder · · 40s
Elizabeth Holmes Prison Sentence Update
Elizabeth Holmes' prison sentence reduced by a year after Theranos fraud case.
In brief
Elizabeth Holmes' prison sentence reduced by a year after Theranos fraud case. Elizabeth Holmes received 11 years and 3 months in prison for wire fraud and conspiracy, with a recent sentence reduction from 135 to 123 months. Originally reported by Mashable.
Elizabeth Holmes
Elizabeth Holmes, founder of Theranos, was sentenced to 11 years and 3 months in prison for wire fraud and conspiracy to commit wire fraud.
Sentence Reduction
A judge reduced Holmes' sentence from 135 months to 123 months, a full year less than her original sentence.
Theranos Fraud Case
Theranos claimed a blood-testing device could run multiple tests with one drop of blood but the device didn't work as advertised.
The short version
Elizabeth Holmes received 11 years and 3 months in prison for wire fraud and conspiracy, with a recent sentence reduction from 135 to 123 months.
