2023-07-12 10:25:39
Ex-Starunternehmerin Holmes
Holmes and her top manager Ramesh Balwani were convicted of allegedly deceiving investors.
(Photo: dpa)
Bryan Elizabeth Holmes, ex-businesswoman convicted of fraud, has had her sentence reduced by around two years. According to current information from the US prison administration, she should be released at the end of 2032 – in just over nine years.
When he entered prison in May, the original sentence of eleven years and three months was still in effect. The authority confirmed to the Guardian newspaper on Tuesday that the jail term had been reduced, but did not provide any information on the reasons.
Holmes was the founder and CEO of the start-up Theranos, with which she promised to revolutionize blood tests. With Theranos, only a few drops of blood are said to be sufficient for complex tests. Holmes was celebrated, Theranos reached a valuation of nine billion dollars in financing rounds. Holmes became a billionaire on paper. But then it turned out that the technology didn’t work.
Holmes and her top manager Ramesh Balwani were convicted of allegedly deceiving investors. She continues to try to overturn the verdict on appeal.
First publication: 07/11/2023, 4:32 p.m.
dpa
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