Current:Home > MyElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -TradeWisdom
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-26 13:45:08
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! (877)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Lobstermen Face Hypoxia in Outer Cape Waters
- Jimmy Buffett: 10 of his best songs including 'Margaritaville' and 'Come Monday'
- UAW’s clash with Big 3 automakers shows off a more confrontational union as strike deadline looms
- The Daily Money: Spending more on holiday travel?
- Electric Zoo festival chaos takes over New York City
- Disney wants to narrow the scope of its lawsuit against DeSantis to free speech claim
- 5 people shot, including 2 children, during domestic dispute at Atlanta home
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Flamingo fallout: Leggy pink birds showing up all over the East Coast after Idalia
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Turkey has failed to persuade Russia to rejoin the Ukraine grain deal
- Jimmy Buffett: 10 of his best songs including 'Margaritaville' and 'Come Monday'
- Kristin Chenoweth Marries Josh Bryant in Texas Wedding Ceremony
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Prescriptions for fresh fruits and vegetables help boost heart health
- No. 8 Florida State dominant in second half, routs No. 5 LSU
- 4 things to know on Labor Day — from the Hot Labor Summer to the Hollywood strikes
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Mets slugger Pete Alonso reaches 40 homers to join very exclusive club
Smash Mouth Singer Steve Harwell Dead at 56
Jimmy Buffett remembered by Elton John, Paul McCartney, Brian Wilson: 'A lovely man gone way too soon'
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
You're Invited to See The Crown's Season 6 Teaser About King Charles and Queen Camilla's Wedding
Jimmy Buffett remembered by Elton John, Paul McCartney, Brian Wilson: 'A lovely man gone way too soon'
The Turkish president is to meet Putin with the aim of reviving the Ukraine grain export deal