Current:Home > ScamsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -WealthRoots Academy
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-12 12:19:39
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! (255)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Rhode Island files lawsuit against 13 companies that worked on troubled Washington Bridge
- The Nasdaq sell-off has accelerated, and history suggests it'll get even worse
- Recalled cucumbers in salmonella outbreak sickened 449 people in 31 states, CDC reports
- Travis Hunter, the 2
- TikTok is obsessed with cucumbers. It's because of the viral 'cucumber boy.'
- UNHCR to monitor implementation of Italy-Albania accord to ensure migrants’ asylum rights respected
- Could Alex Murdaugh get new trial for South Carolina murders of wife and son?
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Eagles top Patriots in preseason: Tanner McKee leads win, pushing Kenny Pickett as backup QB
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Dennis Quaid talks political correctness in Hollywood: 'Warned to keep your mouth shut'
- Lily Collins has found ‘Emily 2.0’ in Paris
- Dennis Quaid talks political correctness in Hollywood: 'Warned to keep your mouth shut'
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Rail bridge collapses on US-Canada border
- Who Is Jana Duggar’s Husband Stephen Wissmann? Everything to Know About the Business Owner
- UNHCR to monitor implementation of Italy-Albania accord to ensure migrants’ asylum rights respected
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Trans teens file lawsuit challenging New Hampshire law banning them from girls’ sports
NBA schedule 2024-25: Christmas Day games include Lakers-Warriors and 76ers-Celtics
Racing Icon Scott Bloomquist Dead at 60 After Plane Crash
Trump issues order to ban transgender troops from serving openly in the military
Man who pulled gun after Burger King worker wouldn’t take drugs for payment gets 143 years in prison
College hockey games to be played at Wrigley Field during Winter Classic week
Taylor Swift Changes Name of Song to Seemingly Diss Kanye West