Current:Home > ContactElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -WealthFlow Academy
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-24 20:53:36
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! (41)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Gypsy Rose Blanchard Vows to Speak Her Truth in Docuseries as She Awaits Prison Release
- Refrigeration chemicals are a nightmare for the climate. Experts say alternatives must spread fast
- Coast Guard rescues 2 after yacht sinks off South Carolina
- The White House is cracking down on overdraft fees
- Lexi Thompson makes bold run at PGA Tour cut in Las Vegas, but 2 late bogeys stall her bid
- Powerball bonanza: More than 150 winners claim nearly $20 million in lower-tier prizes
- 17-year-old boy arrested in Morgan State University mass shooting, 2nd suspect identified
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Minnesota man who shot officers told wife it was ‘his day to die,’ according to complaint
Ranking
- New data highlights 'achievement gap' for students in the US
- LeVar Burton to replace Drew Barrymore as host of National Book Awards
- The toll of heat deaths in the Phoenix area soars after the hottest summer on record
- Kourtney Kardashian Fires Back at Criticism Over Getting Pregnant at Age 44
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- U.S. reopening facility near southern border to house unaccompanied migrant children
- Cricket and flag football are among five sports nearing inclusion for 2028 Los Angeles Olympics
- Don't Miss This $129 Deal on $249 Worth of Peter Thomas Roth Anti-Aging Skincare Products
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Hornets’ Miles Bridges turns himself in after arrest warrant issued over protection order
Chicago meteorologist Tom Skilling announces retirement after 45 years reporting weather for WGN-TV
City councilwoman arrested for bringing gun to pro-Palestinian rally: NYPD
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Doctors in Gaza describe the war's devastating impact on hospitals and health care
GOP quickly eyes Trump-backed hardliner Jim Jordan as House speaker but not all Republicans back him
Georgia woman sentenced to 30 years in prison in child care death of 4-month-old