Current:Home > ContactElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -AssetLink
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-18 17:57:18
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
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Derailed Train in Ohio Carried Chemical Used to Make PVC, ‘the Worst’ of the Plastics
- Get a 16-Piece Cookware Set With 43,600+ 5-Star Reviews for Just $84 on Prime Day 2023
- What’s the Future of Gas Stations in an EV World?
- Why members of two of EPA's influential science advisory committees were let go
- In Pennsylvania, Home to the Nation’s First Oil Well, Environmental Activists Stage a ‘People’s Filibuster’ at the Bustling State Capitol
- Can the New High Seas Treaty Help Limit Global Warming?
- Study Documents a Halt to Deforestation in Brazil’s Atlantic Forest After Indigenous Communities Gain Title to Their Territories
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Barbie has biggest opening day of 2023, Oppenheimer not far behind
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- These 28 Top-Rated Self-Care Products With Thousands of 5-Star Reviews Are Discounted for Prime Day
- Cocaine sharks may be exposed to drugs in the Florida Keys, researchers say
- Save 30% on the TikTok-Loved Grande Cosmetics Lash Serum With 29,900+ 5-Star Reviews on Prime Day 2023
- Trump wants to turn the clock on daylight saving time
- Elon Musk launches new AI company, called xAI, with Google and OpenAI researchers
- One State Generates Much, Much More Renewable Energy Than Any Other—and It’s Not California
- Can the New High Seas Treaty Help Limit Global Warming?
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Suspected Long Island Serial Killer in Custody After Years-Long Manhunt
Environmental Advocates Protest Outside EPA Headquarters Over the Slow Pace of New Climate and Clean Air Regulations
Ukrainian soldiers play soccer just miles from the front line as grueling counteroffensive continues
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Kim Zolciak Spotted Wearing Wedding Ring After Calling Off Divorce From Kroy Biermann
A Warmer, Wetter World Could Make ‘Enhanced Rock Weathering’ a More Useful Tool to Slow Climate Change
Micellar Water You’ll Dump Makeup Remover Wipes For From Bioderma, Garnier & More