Edward Davila Life story


Edward John Davila is an American lawyer who serves as a United States district judge of the United States District Court for the Northern District of California. He was previously a state court judge on the Santa Clara County Superior Court from 2001 to 2011.

Theranos founder Elizabeth Holmes jailed for fraud

Nov 18,2022 5:31 pm

Elizabeth Holmes , a disgraced former Silicon Valley tech CEO, has been sentenced to over 11 years for fraud.

Her company Theranos was once valued at $9bn (£7. 5bn). She falsely claimed The Firm 's technology could diagnose disease with just a few drops of blood.

She was found guilty in January of duping investors and lying about The technology after a three-month trial.

Holmes is expected to appeal The Sentence , which was handed down on Friday in a California court.

The sentencing of The 38-year-old has been widely viewed as a test of how seriously The justice system takes corporate fraud in The tech sector.

Once hailed as The " next Steve Jobs" Holmes was at One Time said to be The World 's youngest self-made billionaire.

She launched Theranos after dropping out of Stanford University at age 19, and its value rose sharply after The Company claimed it could bring about a revolution in The diagnosing of disease.

But The technology Holmes touted did not work at all and - awash in lawsuits - The Company was dissolved by 2018.

At Holmes' trial in San Jose , California, prosecutors said she knowingly misled doctors and patients about The Theranos flagship Product - The Edison Machine - which The Company claimed could detect cancer, diabetes and other conditions using just a few drops of blood.

They also accused Holmes of vastly exaggerating The Firm 's performance to its financial backers.

Jurors ultimately found her guilty on four counts of fraud, with a maximum sentence of 20 years in prison. But they found her Not Guilty on four other charges, and failed to reach a verdict on three more.

Before Judge Edward Davila issued his sentence on Friday, Holmes read a speech to The Court in which she tearfully apologised to investors and patients.

" I Am devastated by my failings. I have felt deep pain for what people went through, because I failed them, " She Said .

" I regret my failings with every cell of My Body , " she continued.



Source of news: bbc.com

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