She was dubbed the world’s youngest self-made billionaire with a fortune valued at $4.5 billion at the age of 30. But this weekend, Elizabeth Holmes, now 38, is facing 11 years in jail for defrauding investors with her Theranos blood testing start-up, valued at $9 billion at its peak, which collapsed in 2018.
Her lengthy sentence shows the willingness of America to tackle corporate crimes, in a way that other countries, including Britain, have struggled to emulate.
London lawyer Sara George, a partner at Sidley Austin, which specialises in fraud and market abuse, said: “The US has been far more willing to act as the world’s global policeman on fraud [than other countries].”
While comparing sentences is not easy, as all crimes are not the
