Former bank VP sentenced to 15 months in prison after false docs in bid for leniency insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Holmes was convicted on charges related to defrauding investors who poured hundreds of millions of dollars into her blood-testing company, believing it would revolutionize health care.
Elizabeth Holmes could be freed in five years thanks to the First Step Act, which since 2018 has enabled prisoners to significantly reduce their sentence if they participate in training and behave well in prison.
It was a bad day to be Elizabeth Holmes, as she appeared in a San Jose federal courtroom Friday to learn her fate, which is a sentence that is nearly as harsh as prosecutors were asking for.