• Elizabeth Holmes, the former CEO and founder of blood-testing startup Theranos, has been sentenced to 135 months in prison and three years of supervised release, a year after she was found guilty of four counts of fraud; while Ramesh "Sunny" Balwani, the former president of Theranos, was sentenced to 12 years and 11 months in prison on charges of defrauding investors and patients.<img src="https://images.aposto.com/2022/11/1/1672095830824.jpeg" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.51" width="550" alt="Elizabeth Holmes" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable"><ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Some background…&nbsp;Prosecutors said Balwani and Holmes deceived investors by saying their company invented a technology that can run medical tests with a small amount of blood while continuing to use traditional methods and providing patients with inaccurate results—for which Holmes had raised $945 million in funding.</li></ul>

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