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Theranos founder Elizabeth Holmes to be sentenced for fraud

A judge’s decision will cap a saga that captivated the public and put a spotlight on Silicon Valley start-up culture

Elizabeth Holmes, the disgraced founder of blood-testing start-up Theranos who became the poster person for Silicon Valley hubris, is set to be sentenced in a federal court in California on Friday.

Holmes was found guilty in January on four counts of defrauding investors, following an almost four-month-long trial, during which allegations of an elaborate cover-up were recounted in painstaking detail.

The sentencing, set for Friday morning, marks the climatic point in a saga that ignited a debate on the US tech sector’s “fake it ‘til you make it” ethos and the investment community’s willingness to embrace charismatic company founders.

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