- Holmes was convicted on four counts of criminal fraud years after her blood-testing company crumbled.Theranos founder Elizabeth Holmes was sentenced Friday to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company's blood-testing technology.Whistleblowers and other witnesses came forth to provide detailed accounts of how Holmes and former operating chief Ramesh "Sunny" Balwani deceived patients, partners, investors and employees about the company's progress and the capabilities of its technology."I have felt deep pain for what people went through because I failed them.Bankman-Fried hasn't been charged with a crime, but he's in legal jeopardy after revelations that his company was unable to give depositors their money back because some of it was used to fund risky, losing bets."