Tech

Former Theranos CEO Elizabeth Holmes To Be Sentenced in September

After being found guilty of four federal charges.

By
1,273 Hypes

Following a months-long trial, Elizabeth Holmes, the former CEO of Theranos, was convicted of consumer fraud and conspiracy. A court filing confirmed that she will be sentenced on September 26.

As reported by NPR, Holmes will be punished for four charges tied to her company Theranos, with which she convinced investors that it would be able to detect serious health conditions such as cancer with a few drops of blood.

The 37-year-old, once referred to as the “next Steve Jobs,” faces up to 20 years in federal prison, although legal experts expect the judge to give a less severe punishment. According to former federal prosecutor Amanda Kramer, the judge will be taking into account factors such as the investors’ loss amount and Holmes’ efforts at rehabilitating.

Holmes will remain free up until September 26 on a $500,00 USD bond. She is reportedly residing at a $135 million USD Silicon Valley estate with her partner Billy Evans, with whom she recently had a son.

Read Full Article
Source
Npr
Share this article

What to Read Next

Theranos CEO Elizabeth Holmes Sentenced to Prison for Fraud
Tech

Theranos CEO Elizabeth Holmes Sentenced to Prison for Fraud

After a four-month trial.
346,021 Hypes

Jennifer Lawrence Mimics Elizabeth Holmes' Deep Voice in New Movie
Film & TV

Jennifer Lawrence Mimics Elizabeth Holmes' Deep Voice in New Movie

The ‘Hunger Games’ actor will portray the disgraced former CEO of Theranos.
5,403 Hypes

Amanda Seyfried Stars as Elizabeth Holmes in Hulu's 'The Dropout'
Film & TV

Amanda Seyfried Stars as Elizabeth Holmes in Hulu's 'The Dropout'

The former ‘Mean Girl’ becomes Silicon Valley’s latest fraud.
4,030 Hypes


Former Big Bang Member Seungri Sentenced to 1.5 Years in Prison
Culture

Former Big Bang Member Seungri Sentenced to 1.5 Years in Prison

The retired musician, who was indicted for nine criminal charges, will be released in February 2023.
4,763 Hypes

Alexander McQueen Launches Red-Centric Lunar New Year Capsule
Fashion

Alexander McQueen Launches Red-Centric Lunar New Year Capsule

Including the Oversized Sneaker set embellished with crystals.
2,879 Hypes

Gucci's Jackie 1961 Mini Shoulder Bag Is Our New Go-To Accessory
Fashion

Gucci's Jackie 1961 Mini Shoulder Bag Is Our New Go-To Accessory

Featuring black and ivory GG denim jacquard.
2,205 Hypes

John Elliott's "Bright On The Inside" Collection Promotes Self-Love
Fashion

John Elliott's "Bright On The Inside" Collection Promotes Self-Love

Spanning denim jackets, pants and knitted vests.
2,537 Hypes

Coachella 2022 Confirms Harry Styles, Billie Eilish and Ye as Headliners
Music

Coachella 2022 Confirms Harry Styles, Billie Eilish and Ye as Headliners

Get ready to also see Megan Thee Stallion, Doja Cat and more.
3,339 Hypes

Rihanna's Fenty Beauty Gloss Bomb Heat Now Comes in "Lemon Lava"
Beauty

Rihanna's Fenty Beauty Gloss Bomb Heat Now Comes in "Lemon Lava"

Elevate your makeup look with a touch of gold on your lips.
2,478 Hypes

Pink Butterflies Take Over Dior's Lunar New Year Capsule
Fashion

Pink Butterflies Take Over Dior's Lunar New Year Capsule

Comprised of the Saddle Bag, Book Tote and more.
3,725 Hypes

See Joe Jonas and Chloe Bridges' Mini 'Camp Rock 2' Reunion
Culture

See Joe Jonas and Chloe Bridges' Mini 'Camp Rock 2' Reunion

On the set of HBO’s ‘The Righteous Gemstones’ Season 2.
2,678 Hypes

Instagram Is Reportedly Working on an Editable Profile Grid
Tech

Instagram Is Reportedly Working on an Editable Profile Grid

Allowing you to rearrange your posts in any order.
1,653 Hypes

Machine Gun Kelly and Megan Fox Are Engaged
Culture

Machine Gun Kelly and Megan Fox Are Engaged

They “drank each other’s blood” to celebrate.
7,262 Hypes

The Best Valentine's Day Gifts for Sexual Wellness
Sex & Dating

The Best Valentine's Day Gifts for Sexual Wellness

Celebrate the day of love with these personal gift ideas.
5,639 Hypes

More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.