Current:Home > FinanceElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Prime Capital Blueprint
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-12 04:26:19
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! (67)
Related
- Trump's 'stop
- ATV crashes into pickup on rural Colorado road, killing 2 toddlers and 2 adults
- Philadelphia mass shooting leaves 8 people injured, 1 dead; no arrests made, police say
- Transgender, nonbinary 1,500 runner Nikki Hiltz shines on and off track, earns spot at Paris Games
- Meta releases AI model to enhance Metaverse experience
- Wisconsin dam fails as water flows over top, residents urged to seek high ground
- Summer House's Lindsay Hubbard Pregnant, Expecting First Baby
- Argentina bails out Messi in shootout to advance past Ecuador in Copa América thriller
- Former Syrian official arrested in California who oversaw prison charged with torture
- How aging veterans are treated like family at medical foster homes
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Kevin Bacon recalls wearing a disguise in public: 'This sucks'
- FBI investigates after 176 gravestones at Jewish cemeteries found vandalized in Ohio
- 2 dead and 9 injured after truck strikes group celebrating July 4 in Manhattan park
- A South Texas lawmaker’s 15
- Some Caribbean islands see almost 'total destruction' after Hurricane Beryl
- Philadelphia mass shooting leaves 8 people injured, 1 dead; no arrests made, police say
- Jennifer Lopez Shares Glimpse at Fourth of July Weekend With 16-Year-Old Emme
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Hailey Welch, aka the 'Hawk Tuah girl,' learns firsthand what it means to go viral
Mexican cartels are diversifying business beyond drugs. Here's where they are profiting
Golden State Warriors land guard Buddy Hield from 76ers after Klay Thompson's exit
2025 'Doomsday Clock': This is how close we are to self
How a support network is building a strong community for men married to service members
The Freedman's Savings Bank's fall is still taking a toll a century and a half later
How Texas is still investigating migrant aid groups on the border after a judge’s scathing order