Theranos founder Elizabeth Holmes jailed for fraud- PublishedTheranos founder Elizabeth Holmes has been sentenced to over 11 years in prison for defrauding investors in her blood testing start-up that was once valued at $9bn (£7.5bn).The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood.Before Judge Edward Davila issued his sentence on Friday, Holmes read a speech to the court in which she tearfully apologised to investors and patients.But failure by fraud is not OK."A warning to Silicon ValleySilicon Valley is a place where fortunes can be made and squandered.Her partner Billy Evans, in his sentencing memo to the court, told the judge that he fears for "a future in which my son grows up with a relationship with his mother on the other side of glass armed by guards"."