Elizabeth Holmes, the founder of Theranos, has been sentenced to over 11 years in prison for fraud.
Theranos had promised that its Edison test would detect conditions such as cancer and diabetes quickly, with just a few drops of blood.
A few years down the line, Holmes was however exposed as a fake as the technology she claimed to have, failed.
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The prosecutors claimed Holmes knowingly misled doctors and patients about the Edison machine and exaggerated the performance of her firm to financial backers.
Before her sentencing, the “world’s youngest self-made female billionaire”, apologized to doctors, patients and investors.
“I am devastated by my failings. I have felt deep pain for what people went through, because I failed them,” she said.
“I regret my failings with every cell of my body,” she continued.
Theranos, was founded by the Stanford University drop-out. The company was valued at $9 billion for a technology that was fake.