Current:Home > MyElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Infinite Edge Capital
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-15 23:22:39
Elizabeth Holmes is officially facing the music for her crimes.
The former Theranos CEO reported to prison on May 30, six months after being sentenced to 11.25 years behind bars and three years of supervised release for her role in the fraud case involving her blood testing company.
According to the Associated Press, citing the Federal Bureau of Prisons, Holmes is currently in custody at a women's prison camp in Bryan, Texas.
Holmes, 39, was previously found guilty of one count of conspiracy to commit wire fraud and three counts of wire fraud in Jan. 2022 for allegedly deceiving Theranos investors.
"The guilty verdicts in this case reflect Ms. Holmes' culpability in this large scale investor fraud and she must now face sentencing for her crimes," U.S. Attorney Stephanie Hinds in a 2022 statement after the months-long trial. "I thank the jurors for their thoughtful and determined service that ensured verdicts could be reached."
(At the time, Holmes was also found not guilty of the second count of conspiracy to commit wire fraud and the jury reached no verdict on three more counts of wire fraud.)
While Theranos—founded in 2003 by the Stanford University dropout—was initially touted for its alleged finger prick blood testing method, it made headlines in 2015 after The Wall Street journal reported that the company's devices didn't perform as expected.
Not to mention, per the U.S. Attorney's Office, Holmes was accused of making "numerous misrepresentations" about her company.
Over time, Theranos' fallout have become the subject of books, documentaries and even the 2022 TV series, The Dropout, starring Amanda Seyfried as Holmes.
"I was told [Holmes] wasn't gonna watch it," Seyfried told Marie Claire in May 2022, "that it was bad news, and that she didn't want any part of it. I don't know if it's totally true. Who knows? I'm a little skeptical of any information that comes my way."
A few weeks before reporting prison to prison, Holmes—who gave birth to her and partner Billy Evans' second child in February—reflected on her bumpy history.
"I made so many mistakes and there was so much I didn't know and understand," she told the New York Times in a piece published May 12, "and I feel like when you do it wrong, it's like you really internalize it in a deep way."
As for how she was preparing for her prison sentence, Holmes noted she was spending time with her family. "How would you spend your time if you didn't know how much time you had left?" she said. "It would be the kind of things we're doing now because they're perfect. Just being together."
For the latest breaking news updates, click here to download the E! News AppveryGood! (69)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Chinese Factories Want to Make Climate-Friendly Air Conditioners. A US Company Is Blocking Them
- Warming Trends: Climate Threats to Bears, Bugs and Bees, Plus a Giant Kite and an ER Surge
- Florida community hopping with dozens of rabbits in need of rescue
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Pollinator-Friendly Solar Could be a Win-Win for Climate and Landowners, but Greenwashing is a Worry
- CBOhhhh, that's what they do
- Jennifer Lawrence Hilariously Claps Back at Liam Hemsworth Over Hunger Games Kissing Critique
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- You may have heard of the 'union boom.' The numbers tell a different story
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- These Secrets About Sleepless in Seattle Are Like... Magic
- California will cut ties with Walgreens over the company's plan to drop abortion pills
- Fox News stands in legal peril. It says defamation loss would harm all media
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Does Nature Have Rights? A Burgeoning Legal Movement Says Rivers, Forests and Wildlife Have Standing, Too
- US Taxpayers Are Spending Billions on Crop Insurance Premiums to Prop Up Farmers on Frequently Flooded, Unproductive Land
- If you're getting financial advice from TikTok influencers don't stop there
Recommendation
Arkansas State Police probe death of woman found after officer
Heat wave sweeping across U.S. strains power grid: People weren't ready for this heat
Texas city strictly limits water consumption as thousands across state face water shortages
Kylie Jenner Trolls Daughter Stormi for Not Giving Her Enough Privacy
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
House Democrats plan to force vote on censuring Rep. George Santos
Jennifer Lawrence Hilariously Claps Back at Liam Hemsworth Over Hunger Games Kissing Critique
Farming Without a Net