This American woman cheated the investors of her company, the court sentenced her to 11 years imprisonment

 Elizabeth Holmes, who has been a big name in the American biotech industry, has been sentenced to 11 years in prison on Friday in a fraud case.  own silicon valley startup company with investors on them.

Elizabeth Holmes, who has been a big name in the American biotech industry, has been sentenced to 11 years in prison on Friday in a fraud case. He is accused of defrauding investors through his Silicon Valley startup company Theranos. Holmes is pregnant. That's why he will not have to surrender himself in the court till April next year.

What the matter 

US District Judge Edward Davila has ordered in this case in a court located in San Jose, California. The company's founder was convicted in January. During 15 years, he had convinced investors that he had created a new and revolutionary medical device. After this his company was ruined.

 Let us tell you that this story is from the year 2003, when Elizabeth Holmes, who was studying chemical engineering, left Stanford in the second year itself. During this, 19-year-old Holmes started a tech startup company. It was named Theranos. According to media reports, this company used to claim to bring revolutionary changes in the world of blood testing. The claim was such that many tests could be done with just a few drops of blood.

 How did you cheat the investors?

 Investors did not want to leave any chance to invest money on the new startup company, because they were seeing some possibilities in it. As time progressed, the company started getting a lot of funding, and Elizabeth Holmes had understood this, so now there was no question of looking back.

By the year 2014, the value of Theranos company had increased to $ 9 billion. Everyone started seeing Elizabeth Holmes as a successful woman and the process of running back and forth for her interview started. Meanwhile, Forbes also declared Holmes as America's richest self-made woman. And the New Yorker talked about seeing a glimpse of Steve Jobs in Holmes. While Elizabeth Holmes was engaged in creating her own false world by making new claims, a lot changed with the revelations in the Wall Street General report in October 2015. It was told in this report that Theranos's claims are suspicious.