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She was the bio-tech CEO who milked companies for millions – now Elizabeth Holmes is going to prison

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Elizabeth Holmes, founder of now defunct company Theranos, has been sentenced to 11 years in jail for deceiving investors about what her health technology could do. (PHOTO: Gallo Images/Getty Images
Elizabeth Holmes, founder of now defunct company Theranos, has been sentenced to 11 years in jail for deceiving investors about what her health technology could do. (PHOTO: Gallo Images/Getty Images

She was hailed as the next Steve Jobs, and as America’s youngest self-made female billionaire had investors falling over themselves to back her. 

Everyone from former US secretary of state Henry Kissinger to media mogul Rupert Murdoch and bosses at US supermarket chain Walmart dug deep into their pockets to be part of a company that seemed so cutting-edge and revolutionary. 

Elizabeth Holmes was the darling of the tech scene – the young, attractive and beguiling founder of a company that promised to change the world of medicine. 

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