đź’° Elizabeth Holmes sentenced to more than 11 years in prison

TL;DR

Now the subject of an HBO documentary, a Hulu TV series, a best-selling book and multiple podcasts, Holmes has become one of the most famous tech start-up CEOs, as well as a cautionary tale for how badly an ambitious start-up can spin out of control.She quickly drew in investors, attracting hundreds of millions of dollars in investment from prominent businesspeople and political figures including Larry Ellison, Rupert Murdoch and others.Federal prosecutors were asking the judge to sentence her to 15 years in prison, as well as require restitution of about $800 million to pay back investors and business partners.She inked deals with Walgreens and Safeway to put her technology — a small blood-testing machine, known as the Edison, that purported to use “nanotainers” that needed just a finger prick’s worth of blood to test for everything from cholesterol to herpes.And former defense secretary Jim Mattis, who served on the company’s board, said he would have had a different view of the company if he had known the limitations of the Theranos blood-testing device."

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