Elizabeth Holmes begins prison term ...News

Russia Today - Economy
Elizabeth Holmes begins prison term
source : Russia Today ( News ) () 41
The Theranos founder will serve her sentence for fraud at a minimum-security facility in Texas Elizabeth Holmes, the founder of US startup Theranos who was once billed as the world’s youngest self-made billionaire, started serving an 11-year prison sentence on Tuesday. The former biotechnology entrepreneur was found guilty of fraud last November after it emerged that her firm’s blood testing technology never worked. Holmes, 39, was also ordered to pay a $452 million fine to compensate defrauded investors, among whom are media tycoon Rupert Murdoch and former US Treasury Secretary George Shultz. Her business partne

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