Current:Home > MyElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Elevate Profit Vision
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-28 06:20:13
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! (5678)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- John Cena: Last WWE match 'is on the horizon;' end of SAG-AFTRA strike would pull him away
- Indian rescue copters are flying into region where flood washed out bridges and killed at least 52
- Week 6 college football winners, losers: Huge wins for Alabama and Oklahoma highlight day
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Workers at Mack Trucks reject tentative contract deal and will go on strike early Monday
- A perfect day for launch at the Albuquerque balloon fiesta. See the photos
- Georgia officers say suspect tried to run over deputy before he was shot in arm and run off the road
- Highlights from Trump’s interview with Time magazine
- What we know about the Hamas attack on Israel, and Israel's response in Gaza
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Trump discussed nuclear submarines with Australian billionaire Anthony Pratt, three sources say
- She survived being shot at point-blank range. Who wanted Nicki Lenway dead?
- Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in Gaza
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- 'You can't be what you can't see': How fire camps are preparing young women to enter the workforce
- What we know about the Hamas attack on Israel, and Israel's response in Gaza
- Making Solar Energy as Clean as Can Be Means Fitting Square Panels Into the Circular Economy
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Mauricio Umansky Reveals Weight Loss Transformation From Dancing With the Stars Workouts
Mauricio Umansky Reveals Weight Loss Transformation From Dancing With the Stars Workouts
Man arrested in Germany after the body of his young daughter was thrown into a canal
At site of suspected mass killings, Syrians recall horrors, hope for answers
An autopsy rules that an Atlanta church deacon’s death during his arrest was a homicide
Simone Biles finishes with four golds at 2023 Gymnastics World Championships
NFL in London highlights: Catch up on all the big moments from Jaguars' win over Bills