Disgraced Theranos founder Elizabeth Holmes has been sentenced to more than 11 years in a US federal prison for conning investors and endangering patients while peddling a bogus blood-testing technology.
The 38-year-old was convicted by a Californian jury on three counts of investor fraud and one count of conspiracy in January. She was jailed for 135 months.
Prosecutors were also seeking $804m (£675m) in compensation from Holmes.
The amount covers most of the nearly $1bn (£840m) she raised from a list of sophisticated investors that included software magnate Larry Ellison, media mogul Rupert Murdoch, and the Walton family behind Walmart.
Prosecutors had branded Holmes’ crimes “among the most substantial white collar offences Silicon Valley or any other district has seen”.
Image: In her defence, Holmes said she believed her statements were accurate at the time. Pic: AP
Her legal team had urged the judge to be lenient and not make their client a “martyr to public passion”.
The sentence imposed by US District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors, but far tougher than the leniency her legal team sought for the mother of a year-old son with another child on the way.
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The judge said Theranos had employed “misrepresentations, hubris and just plain lies”.
Prosecutors said Holmes misrepresented Theranos’ technology and finances, including by claiming its miniaturised blood testing machine was able to run an array of tests from a few drops of blood.
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The company secretly relied on conventional machines from other companies to run patients’ tests, prosecutors said.
Image: The now-defunct firm was once valued at $9bn (£7.5bn). Pic: AP
Once valued at $9bn (£7.5bn), the now-defunct Theranos Inc promised to revolutionise how patients received diagnoses by replacing traditional labs with small machines designed for use in homes, pharmacies and even on the battlefield.
Forbes dubbed Holmes the world’s youngest female self-made billionaire in 2014, when she was 30 and her stake in Theranos was worth $4.5bn (£3.8bn).
But the start-up collapsed after a series of articles in the Wall Street Journal in 2015 questioned its technology.
At trial, prosecutors said Holmes engaged in fraud by lying to investors about Theranos’ technology and finances rather than allowing the company to fail.
Holmes testified in her own defence, saying she believed her statements were accurate at the time.
Image: The 38-year-old’s partner, Billy Evans, has urged the judge to be lenient. Pic: AP
‘Played for the fool’
Though she was convicted on three counts, Holmes was acquitted on four other counts alleging she defrauded patients, who paid for Theranos tests.
The judge in the case, Edward Davila, has previously denied Holmes’ requests to overturn her convictions, saying they were supported by the evidence at trial.
Following her sentencing, Holmes can appeal.
While courting investors, Holmes put together a high-powered Theranos board that included former US defence secretary James Mattis, who testified against her during her trial, and two former US secretaries of state, Henry Kissinger and the late George Shultz, whose son submitted a statement criticising Holmes for fabricating a scheme that played Shultz “for the fool”.
Two people have been killed after a suspect shot at firefighters responding to a fire in the US state of Idaho, authorities have said.
Police were still “taking sniper fire” near the city of Coeur d’Alene on Sunday afternoon, the Kootenai County Sheriff’s Office said.
Crews were responding to a fire at Canfield Mountain around 1.30pm and gunshots were reported around half an hour later, the force said.
Image: Pic: Reuters
Sheriff Bob Norris said officials believe the two killed were firefighters, and he did not know if anyone else was shot.
“We don’t know how many suspects are up there, and we don’t know how many casualties there are,” he said. “We are actively taking fire sniper as we speak.”
Mr Norris said the sniper appeared to be hiding in the rugged terrain and using a high-powered rifle, adding he had instructed his deputies to fire back.
“I’m hoping that somebody has a clear shot and is able to neutralise, because they’re not at this point in time showing any evidence of wanting to surrender,” the sheriff said.
Image: Pic: Reuters
Governor Brad Little said “multiple” firefighters were attacked.
“This is a heinous direct assault on our brave firefighters,” he said on X. “I ask all Idahoans to pray for them and their families as we wait to learn more.”
The president of the International Association of Firefighters said a third firefighter was in surgery.
In a statement on social media Edward Kelly said the firefighters “were ambushed in a heinous act of violence”. He added: “Two of our brothers were killed by a sniper, and a third brother remains in surgery.”
The sheriff’s office in neighbouring Shoshone County said authorities were “dealing with an active shooter situation where the shooter is still at large”.
Image: Smoke billows into the air after several firefighters were attacked while responding to a fire. Pic: Reuters
The fire was still raging, Mr Norris said.
“It’s going to keep burning,” he added. “Can’t put any resources on it right now.”
The FBI was sending technical teams and tactical support to the scene, its deputy director Dan Bongino said.
“It remains an active, and very dangerous scene,” he said on X.
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Donald Trump has said the US government has found a buyer for TikTok that he will reveal “in about two weeks”.
The president told Fox News “it’s a group of very wealthy people”, adding: “I think I’ll probably need China approval, I think President Xi will probably do it.”
TikTok was ordered last year to find a new owner for its US operation – or face a ban – after politicians said they feared sensitive data about Americans could be passed to the Chinese government.
The video app’s owner, Bytedance, has repeatedly denied such claims.
It originally had a deadline of 19 January to find a buyer – and many users were shocked when it “went dark” for a number of hours when that date came round, before later being restored.
However, President Trump has now extended the deadline several times.
The last extension was on 19 June, when the president signed another executive order pushing it back to 17 September.
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Mr Trump’s latest comments suggest multiple people coming together to take control of the app in the US.
Among those rumoured to be potential buyers include YouTube superstar Mr Beast, US search engine startup Perplexity AI, and Kevin O’Leary – an investor from Shark Tank (the US version of Dragons’ Den).
Bytedance said in April that it was still talking to the US government, but there were “differences on many key issues”.
It’s believed the Chinese government will have to approve any agreement.
Image: The president said the identity of the buyer would be disclosed in about two weeks. Pic: Fox News
President Trump’s interview with Fox News also touched on the upcoming end of the pause in US tariffs on imported goods.
On April 9, he granted a 90-day reprieve for countries threatened with a tariff of more than 10% in order to give them time to negotiate.
Deals have already been struck with some countries, including the UK.
The president said he didn’t think he would need to push back the 9 July deadline and that letters would be sent out imminently stating what tariff each country would face.
“We’ll look at the deficit we have – or whatever it is with the country; we’ll look at how the country treats us – are they good, are they not so good. Some countries, we don’t care – we’ll just send a high number out,” he said.
“But we’re going to be sending letters out starting pretty soon. We don’t have to meet, we have all the numbers.”
The president announced the tariffs in April, arguing they were correcting an unfair trade relationship and would return lost prosperity to US industries such as car-making.
Iran will have the capacity to begin enriching uranium again in “a matter of months”, the UN’s nuclear watchdog boss has said.
Rafael Grossi, who heads the International Atomic Energy Agency (IAEA), said that US strikes on three sites a week ago had caused “severe damage” but it was not “total”.
Mr Grossi told CBS News: “The capacities they have are there. They can have, you know, in a matter of months, I would say, a few cascades of centrifuges spinning and producing enriched uranium, or less than that.
“But as I said, frankly speaking, one cannot claim that everything has disappeared and there is nothing there.”
Iran still has “industrial and technological capabilities… so if they so wish, they will be able to start doing this again”, he added.
Image: A satellite overview shows excavators at tunnel entrances at the Fordow site in Iran. Pic: Maxar Technologies/Reuters
Iranian nuclear and military sites were attackedby Israel on 13 June, with the Israelis claiming Tehran was close to developing a nuclear weapon.
The US then carried out its own strikes on 22 June, hitting Iranian nuclear installations at Fordow, Natanz and Isfahan, under Operation Midnight Hammer.
Iran has insisted its nuclear research is for civilian energy production purposes.
US President Donald Trump said last weekend that the US deployment of 30,000lb “bunker-busting” bombs had “obliterated” Iran’s nuclear programme.
But that claim appeared to be contradicted by an initial assessment from the US Defence Intelligence Agency.
A source said Iran’s enriched uranium stocks had not been eliminated, and the country’s nuclear programme, much of which is buried deep underground, may have been put back only a month or two.
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3:35
Did the US destroy Iran’s nuclear sites?
Mr Trump has rejected any suggestion that the damage to the sites was not as profound as he has said.
And he stated he would consider bombing Iran again if Tehran was enriching uranium to worrying levels.
At a news conference on Thursday alongside US defence secretary Pete Hegseth, the chairman of the joint chiefs of staff General Dan Caine, told reporters the GBU-57 bunker buster bombs had been designed in some secrecy with exactly this sort of target in mind.
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2:46
US: Iran nuclear sites ‘obliterated’
The head of the CIA has also said a “body of credible intelligence” indicates Iran’s nuclear programme was “severely damaged”.
Director John Ratcliffe revealed that information from a “historically reliable and accurate source” suggests several key sites were destroyed – and will take years to rebuild.
Meanwhile, Iran’s supreme leader Ayatollah Ali Khamenei said his country “slapped America in the face” by launching an attack on 23 June against a major US base in Qatar, adding the nation would never surrender.
The 12-day air conflict between Israel and Iran ended with a US-brokered ceasefire.
But the Iranian armed forces chief of staff, General Abdolrahim Mousavi, has said his country doubts Israel will maintain the truce.
A spokesman for Iran’s foreign ministry said the US strikes had caused significant damage to Tehran’s nuclear facilities.