A US court has sentenced Elizabeth Holmes, the founder of the leading technology company Theranos, to more than 11 years in prison for defrauding investors. According to international media reports, Elizabeth Holmes, the founder of Theranos Company in the United States, was accused of defrauding investors, and the case was being heard in a district court in California. Elizabeth Holmes claimed that with the help of the machine ‘Edison Machine’ invented by her company, cancer, diabetes and many other deadly and complex diseases can be diagnosed with just a few drops of blood. Globally, the founder of the Theranos company promoted his technology so effectively that the world’s leading companies and institutions invested in it. At one time, Theranos company’s value reached 9 billion dollars and Elizabeth Holmes was also declared as the youngest female billionaire in the world, as the future ‘Steve Jobs’ in the world of technology. But it was starting to be seen. ‘I regret my failures,’ Elizabeth Holmes said before the court handed down its verdict. I am devastated by my failures. I am deeply saddened by the circumstances in which people have been killed. A court has sentenced Theranos’ Elizabeth Holmes to 11 years, 3 months in prison for defrauding investors. How much Elizabeth Homes will have to pay for the investors’ losses will be determined in another court proceeding.
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