Theranos founder Elizabeth Holmes will also have to pay a $400 million fine Elizabeth Holmes, the founder of startup Theranos, which offered fast and low-cost blood tests, was found guilty of fraud and sentenced to more than 11 years in prison on Friday. According to media reports citing court documents, a court in San Jose, California found Holmes guilty of three counts of fraud and one count of conspiracy after she allegedly deceived investors about the presumed efficacy of her company’s blood-testing technology. Holmes was also ordered to pay a $400 million fine. “This is a fraud case where an exciting venture
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