Ex-Theranos CEO Elizabeth Holmes Convicted of Fraud, Sentenced to 11 Years

Elizabeth Holmes, the former CEO of Theranos Inc., will serve 11 years in prison on four counts of fraud, according to her sentencing by a federal judge in a California courtroom Friday afternoon.

In January, Holmes was found guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud and conspiracy of bilking investors out of hundreds of millions of dollars to finance her blood testing company.