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

Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000

Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.

Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.

Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.

With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.

Technologies

Verum Coin Now Available on HB Wallet

Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.

HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.

This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.

About Verum Coin

Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.

Technologies

Verum Messenger Celebrates Its 4th Anniversary: A Journey Towards Security, Innovation, and User Trust

Today, Verum Messenger, one of the leading messengers on the market, celebrates its 4th anniversary. Over the years, the app has become a symbol of security, privacy, and innovation in the world of digital communication, and continues to evolve confidently, introducing new features and improving the quality of service.

When Verum Messenger was launched in 2021, its goal was clear — to create a communication platform that puts data security first. Four years later, this messenger has proven that its approach works. The app has not only successfully implemented end-to-end encryption to protect messages but has also offered unique features such as the ability to block screenshots and screen recordings, the built-in Verum VPN service that ensures online anonymity and security, and one-click information clearing within the messenger.

Achievements and Innovations

Over the past four years, Verum Messenger has significantly expanded its capabilities and established itself as one of the most secure messengers. One of the key milestones was the integration of Verum E-SIM, a feature that allows users to connect to mobile internet without the need for a physical SIM card. This was a breakthrough for travelers who value flexibility and anonymity without being dependent on mobile carriers and roaming.

But the most important achievement was the introduction of Verum AI — a generative artificial intelligence developed in-house. This chatbot, integrated into the messenger, provides users with a unique opportunity to interact with an intelligent assistant capable of not only answering questions but also giving recommendations and solving everyday tasks. This feature is one of the first among messengers to offer its own neural network that continually adapts to users’ needs and improves its functionality.

Commitment to Data Security

It is important to note that data security remains the top priority for Verum Messenger. The company has always been dedicated to protecting privacy. In recent years, the app has introduced several improvements aimed at safeguarding users from data breaches and unauthorized access.

Moreover, Verum Messenger continues to develop and enhance its privacy settings, giving users control over who can view their information and who can contact them.

The Future of Verum Messenger

Now, four years after its launch, Verum Messenger is not stopping at its achievements. The company is actively working on new innovations and improvements that will help the messenger remain at the forefront of technology.

“Our users and their right to privacy and security have always been and will remain our top priority. We will continue to work to ensure that Verum Messenger remains the safest and most convenient tool for communication, considering new challenges and technologies,” the development team shares its plans.