Theranos founder Elizabeth Holmes who was convicted of lying to investors is about to learn her sentence

Elizabeth Holmes, the founder of the bankrupt blood testing business Theranos, is scheduled to be sentenced for misleading investors on Friday.

The punishment is the latest chapter in a legal process that has elevated the former billionaire entrepreneur to the status of a symbol of Silicon Valley misbehavior.

Holmes faces a 20-year term for each of the four offenses, but legal experts believe the penalties will be served concurrently, giving her a maximum penalty of 20 years.

In a court filing last week, Holmes’ defense team asked for no more than 18 months in jail. Her counsel claimed that a lower sentence involving house arrest and community work would suffice.

Read the entire article here: abcnews.go.com

Add Comment