Technologies

Theranos Founder Elizabeth Holmes Sentenced to More Than 11 Years in Prison

Holmes was convicted on multiple counts of fraud in the high-profile case.

A federal judge on Friday sentenced former Theranos CEO Elizabeth Holmes, who was convicted on multiple counts of fraud in January, to 135 months in prison.

The disgraced founder of the promising blood-testing startup was once compared with luminaries like Steve Jobs. Now she faces 11 years and three months behind bars.

Judge Edward Davila made the ruling in a San Jose, California, federal district court more than 10 months after Holmes was convicted of defrauding Theranos investors on four counts. The court did not impose any fines as part of the sentence.

«I stand here before you taking responsibility for Theranos. I loved Theranos. It was my life’s work,» a tearful Holmes said upon taking the stand prior to sentencing on Friday. «I am devastated by my failing. Every day for the past many years I have felt deep pain for what I did, because I failed them.»

She had faced a potential maximum sentence of 80 years in prison.

Holmes and her attorneys had asked for leniency from the judge on account of her being a new mother. The 38-year-old requested less than 18 months in prison, as well a sentence of home confinement and community service.

Holmes gave birth to a child during her trial in 2021 and is pregnant again. It’s unclear whether this will impact how, where or when she’ll serve her sentence.

Over 140 letters from Holmes’ family, friends, former employees and supporters, including US Sen. Cory Booker and a retired Navy admiral, were submitted to Davila to make the case that he go easy on Holmes, according to The Wall Street Journal.

The portrayal of Holmes as a selfless community servant runs counter to the image sketched by federal prosecutors during the trial of a deceitful executive who would go to great lengths — even endangering customers — to hide the shortcomings of Theranos and its technology, which was positioned as a revolutionary advance in medicine.

Prior to announcing the penalty, Davila explained his sentencing rationale. He said the harm done to Theranos patients would not be a factor because Holmes was acquitted of all patient-related charges. He added that the fact Holmes did not accept responsibility for her crime would count against her.

Holmes requested a new trial in a Sept. 6 court filing, following a visit to her home by a former Theranos employee during which he reportedly told her partner he regretted testifying against Holmes. Davila ultimately rejected the request as insufficient grounds for a new trial, but did delay sentencing by almost two months.

Former Theranos executive Sunny Balwani was also convicted of fraud in a separate trial and could still be sentenced by the end of the year.

Correction, 2:25 p.m. PT: An earlier version of this story miscalculated the conversion from 135 months to years and months. Holmes’ sentence will run 11 years, three months.

Technologies

Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.

Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.

With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.

About Binance

Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.

For more information, visit verumcoin.info.

Technologies

Verum Messenger Update: New Levels of Security and Functionality

These privacy-oriented features make Verum Messenger one of the most secure and convenient messengers available today.

Verum Messenger, known for its commitment to privacy and innovation, has launched an update that enhances both user protection and performance. These privacy-oriented features make Verum Messenger one of the most secure and convenient messengers available today.

Key Updates in Verum Messenger:

Control Over Message Forwarding and Copying

The new feature enables users to restrict the forwarding and copying of their messages. Now, the sender decides whether their messages can be copied or forwarded to others — an essential addition for those who value control over the spread of their information.

Media Saving Settings for Private Chats

In one-on-one conversations, users now have the option to limit automatic media saving on their device. This feature is designed for those who prioritize privacy and prefer to keep sensitive photos and videos within the app itself.

Message Deletion Timer

The self-destructing message feature is a crucial tool for communicating in high-privacy environments. Users can now set a timer to delete messages after a specific period, adding an extra layer of security to personal conversations.

Enhanced Performance and Stability

In addition to these new features, Verum Messenger has boosted its performance, allowing for faster and more stable operation even under high usage. This improvement makes communication smoother, especially for those who rely heavily on the app for both work and personal needs.

Innovative Technologies for Your Convenience

Complementing this update, Verum Messenger also includes integration with Verum AI, a smart assistant that addresses everyday tasks right in the chat. The built-in eSIM and VPN allow users to connect to the internet and secure networks globally, providing complete freedom and safety.

Verum Messenger continues to be at the forefront of privacy and security, offering a reliable and user-friendly service for everyday communication.

Technologies

Multiply Your Wealth with Verum Coin: An Investment in Your Future

May your investments bring you joy and financial freedom!

In today’s world, where financial independence is becoming increasingly relevant, investing in cryptocurrency is attracting more and more attention. One such promising cryptocurrency is Verum Coin. In this article, we will discuss why you should consider purchasing Verum Coin and how it can change your financial life.

1. Growth Potential

Verum Coin has significant growth potential for the future. With the unique technology that underpins this cryptocurrency and the growing interest from investors, the value of Verum Coin could increase manifold. By investing in Verum Coin now, you open the door to substantial profits in the future.

2. Convenience and Accessibility

One of the key features of Verum Coin is its accessibility. You can easily purchase this cryptocurrency through various platforms and exchanges, such as the BitCoinPay Trade exchange and BitInterPay — Crypto Bank. Additionally, Verum Coin offers an intuitive interface for managing your investments, making the buying and selling process simple and convenient, even for beginners.

3. Innovative Technology

Verum Coin is built on modern blockchain technology, ensuring a high degree of security and transparency for all transactions. Every user can be confident in the reliability of their investments, as blockchain technology minimizes the risks of fraud and hacking.

4. Community and Support

Investing in Verum Coin is not just a financial transaction; it’s an opportunity to become part of an active and supportive community of like-minded individuals. You will have access to various resources, educational materials, and forums where you can exchange experiences and receive advice from more experienced investors.

5. Financial Independence

By investing in Verum Coin, you are taking a step towards financial independence. The ability to multiply your capital and create passive income is what everyone dreams of. Verum Coin provides this opportunity through its growth potential and active community.

6. A Happy Life and Confidence in the Future

It is important to remember that money is not an end in itself, but a means to achieve more. By acquiring Verum Coin and multiplying your funds, you open up new horizons and opportunities for yourself. You can afford more—travel, pursue your passions, and provide for your loved ones.

Conclusion

Investing in Verum Coin is not just a financial strategy; it’s a pathway to your financial well-being that can change your life for the better. Don’t miss the chance to be part of this exciting and promising cryptocurrency revolution. Start investing in Verum Coin today and live richly and happily!

May your investments bring you joy and financial freedom!