DOJ Wants Theranos Founder, Once Youngest Woman Self-Made Billionaire, In Jail For 15 Years: Report

DOJ Wants Theranos Founder, Once Youngest Woman Self-Made Billionaire, In Jail For 15 Years: Report


The Department of Justice wants Theranos founder Elizabeth Holmes, 38, who made billions of dollars before she was ultimately convicted of wire fraud and conspiracy, to spend 15 years in prison rather than walk free.

Additionally, the DOJ wants Holmes to pay $800 million in restitution to investors who were defrauded.

“Considering the extensiveness of Holmes’ fraud… the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” federal prosecutors stated.

Trending: Roseanne Barr Uses It (And So Do I)!

Theranos Inc. claimed initially that it could use a few drops of blood to obtain results as far-ranging as cancer and cholesterol. “Investors have poured more than $400 million into Theranos, valuing it at $9 billion and her majority stake at more than half that,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend