Theranos founder Elizabeth Holmes sentenced to 11 years for fraud

Elizabeth Holmes
(Image credit: Justin Sullivan/Getty Images)

Elizabeth Holmes, who founded the disgraced blood-testing company Theranos, was sentenced on Friday to more than 11 years in prison for defrauding investors, The Washington Post reports.

Holmes was found guilty in January of four counts of fraud after federal prosecutors argued Holmes "chose fraud over business failure" when the tabletop blood-testing startup she founded in 2003 at age 19 began to crumble. An investigation found that officials at Theranos had lied to investors about the accuracy and capabilities of their blood-testing machines.

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