Theranos founder sentenced to 11 years in prison for fraud

• Silicon Valley Entrepreneur Elizabeth Holmes Found Guilty of Fraud

• Courts Elizabeth Holmes, the Theranos millionaire fraudster, will allege gender violence to avoid conviction for fraud

Elizabeth Holmes,

founder of the failed

, which promised to revolutionize the healthcare industry worldwide, was

for defrauding investors who bet on her company.

The judge also imposed an additional sentence of three years under her supervision once she completes her sentence.

The Prosecutor's Office sought to impose a sentence of 15 years in prison while the defense hoped that his client, who came to be considered the female Steve Jobs in

, would not spend more than 18 months locked up.

Ultimately, Judge Edward Davila settled for 11 years and three months, plus a $400 fine, $100 for each fraud charge he faced.

Before hearing the sentence, Holmes tearfully told a court in San Jose, California, that he adored Theranos.

" he said.

"The people I tried to get involved with at Theranos were the people I loved and respected the most. I am devastated by my mistakes."

In total, Holmes defrauded 385 million dollars -according to the judge's decree- to investors of the magnitude of

after setting up a company that at its peak was valued at 9,000 million dollars.

Of those, half became his in 2014, owner of 50% of the shares.

With a few drops of blood, Theranos claimed to be able to perform up to 70 tests for different pathologies.

It even reached an agreement with the Walgreens chain to install its devices in several of its pharmacies.

The entrepreneur was convinced that with real-time access to medical diagnoses, millions of lives could have been saved, and not only in the first world, but in the most disadvantaged corners of the planet.

It was enough to create a

infrastructure and simple machinery that could eliminate with a stroke of the pen the long and sometimes tedious current procedures in laboratories and hospitals.

The credibility of the young executive and her company crumbled as

began to expose the fraud behind her concept in 2015 and 2016. According to her research, the

's devices were inaccurate and The Palo Alto, California-based company began

the same ones that Theranos itself claimed were outdated.

The

revealed that 99% of the tests had been carried out with machines purchased from Siemens.

In late 2016, the company was forced to lay off 40% of her company, two years before the US Securities and Exchange Commission charged her and her former COO with large-scale fraud, far from over. that a young woman from a wealthy family from Washington had in mind.

According to the criteria of The Trust Project

Know more

• Ministry of Defence

• Justice