Current:Home > reviewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Wealth Evolution Experts
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-16 10:16:29
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! (171)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- The Best Spring Decor Picks for Your Home Refresh—Affordable Finds from Amazon, H&M Home, and Walmart
- Toyota recalls 280,000 pickups and SUVs because transmissions can deliver power even when in neutral
- 'Hotel California' trial: What to know criminal case over handwritten Eagles lyrics
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Malia Obama Is Now Going by This Stage Name
- 'Hotel California' trial: What to know criminal case over handwritten Eagles lyrics
- Alex Morgan returns to USWNT after Mia Fishel injury, and could play in Gold Cup opener
- Stamford Road collision sends motorcyclist flying; driver arrested
- Ghost gun manufacturer agrees to stop sales to Maryland residents
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- 7 Black women backstage at the Grand Ole Opry, talking Beyoncé and country music
- What is the birthstone for March? There's actually 2. Get to know the spring month's gems.
- Young girl killed when a hole she dug in the sand collapsed on a Florida beach, authorities said
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Man sues Powerball organizers for $340 million after his lottery numbers mistakenly posted on website
- What's behind the spike in homeownership rates among Asian Americans, Hispanics
- Kentucky Senate supports constitutional change to restrict end-of-term gubernatorial pardon powers
Recommendation
Intellectuals vs. The Internet
Republican DA asks Wisconsin Supreme Court to decide abortion lawsuit without lower court ruling
Target strikes deal with Diane von Furstenberg. Here's how much her clothes will cost.
Hilary Swank on Ordinary Angels and miracles
Travis Hunter, the 2
Hunter Biden’s lawyers suggest his case is tainted by claims of ex-FBI informant charged with lying
Biden to create cybersecurity standards for nation’s ports as concerns grow over vulnerabilities
Toyota recalls 280,000 pickups and SUVs because transmissions can deliver power even when in neutral