Holmes’ Fraud Sentence Included $120M Investor Loss, Judge Says

(January 12, 2023, 1:56 PM EST) -- SAN JOSE, Calif. — The California federal judge who sentenced Theranos Inc. founder Elizabeth A. Holmes to more than 11 years in prison for her convictions on wire fraud says his sentence was based on a reasonably calculated loss by certain investors of $120.14 million, the involvement of 10 or more victims and her lack of taking responsibility for her offenses....

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