Current:Home > ContactElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -WealthSphere Pro
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-14 19:42:16
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! (47955)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Sperm whale's slow death trapped in maze-like Japanese bay raises alarm over impact of global warming
- New York roofing contractor pleads guilty to OSHA violation involving worker's death in 2022
- UMass to join MAC conference, including previously independent football, per reports
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Anne Hathaway Revives Her Devil Wears Prada Bangs With New Hair Transformation
- Is 'Avatar: The Last Airbender' fire, or all wet?
- LeBron James takes forceful stand on son Bronny James' status in NBA mock drafts
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
Ranking
- Highlights from Trump’s interview with Time magazine
- New Orleans hat seller honored by France for service in WWII
- Dan + Shay sass Reba McEntire during 'The Voice' premiere: 'Don't let her sweet talk you'
- Federal Data Reveals a Surprising Drop in Renewable Power in 2023, as Slow Winds and Drought Took a Toll
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Bridgeport voters try again to pick mayor after 1st election tossed due to absentee ballot scandal
- The Daily Money: Let them eat cereal?
- Coal company owned by West Virginia Gov. Jim Justice is found in contempt
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Nick Offerman slams 'homophobic hate' for his 'Last of Us' episode
NYC officials shutter furniture store illegally converted to house more than 40 migrants
Runaway train speeds 43 miles down tracks in India without a driver
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
See Who Will Play the Jackson 5 in Michael Jackson Biopic
Taylor Swift Gave This Sweet Gift to Travis Kelce's Kansas City Chiefs Football Team
Without Medicare Part B's shield, patient's family owes $81,000 for a single air-ambulance flight