Current:Home > StocksElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Trailblazer Capital Learning
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-16 16:46:30
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! (6)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Riley Strain’s Mom Shares New Information From Final Messages Sent Before Disappearance
- Crystal Kung Minkoff announces departure from 'The Real Housewives of Beverly Hills'
- Riley Strain’s Mom Shares New Information From Final Messages Sent Before Disappearance
- North Carolina justices rule for restaurants in COVID
- Two killed in shooting at Ferguson, Missouri, gas station; officer fired shots
- The Biden administration recruits 15 states to help enforce airline consumer laws
- Rico Wade: Hip-hop community, Atlanta react to the death of the legendary producer
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- NPR suspends senior editor Uri Berliner after essay accusing outlet of liberal bias
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- NASA: Space junk that crashed through Florida home came from ISS, 'survived re-entry'
- Shannen Doherty Shares Lessons Learned From Brutal Marriage to Ex Kurt Iswarienko
- Texas inmate Melissa Lucio’s death sentence should be overturned, judge says
- In ‘Nickel Boys,’ striving for a new way to see
- NCAA sanctions Michigan with probation and recruiting penalties for football violations
- Gayle King and Charles Barkley end 'King Charles' CNN talk show run after 6 months
- Boston Marathon winners hope victories will earn them spot in Paris Olympics
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Tearful Kelly Clarkson Reflects on Being Hospitalized During Her 2 Pregnancies
Naomi Watts and 15-Year-Old Child Kai Schreiber Enjoy Family Night Out During Rare Public Appearance
Caitlin Clark will play right away and drive ticket sales. What about other WNBA draftees?
$73.5M beach replenishment project starts in January at Jersey Shore
Ariana Grande’s Grandma Marjorie “Nonna” Grande Just Broke This Record
Indiana limits abortion data for privacy under near-total ban, but some GOP candidates push back
Schweppes Ginger Ale recalled after PepsiCo finds sugar-free cans have 'full sugar'