Current:Home > StocksElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Ascend Finance Compass
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
SafeX Pro Exchange View
Date:2025-04-07 09:54:12
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! (3836)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Machete attack in NYC's Times Square leaves man seriously injured; police say 3 in custody
- Judge to consider recalling death sentence of man who killed 12-year-old Polly Klaas
- Photos: A visual look at the past seven weeks at Donald Trump’s hush money trial
- Louvre will undergo expansion and restoration project, Macron says
- Police say several people have been hurt in a stabbing in the German city of Mannheim
- Khloe Kardashian Shares NSFW Confession About Her Vagina
- Judge to consider recalling death sentence of man who killed 12-year-old Polly Klaas
- See you latte: Starbucks plans to cut 30% of its menu
- Judge to consider recalling death sentence of man who killed 12-year-old Polly Klaas
Ranking
- The Best Stocking Stuffers Under $25
- NCAA, states reach agreement in lawsuit to permanently allow multiple-transfer athletes to compete
- Former intel agency chief set to become the Netherlands’ next prime minister in hard right coalition
- How often should you wash your sheets? The answer might surprise you.
- Could your smelly farts help science?
- Minnesota police officer cleared in fatal shooting of man who shot him first
- Dramatic video shows Texas couple breaking windshield to save man whose truck was being swallowed in flooded ditch
- Tennessee officers accused of shielding a man committing sex crimes. Police deny extortion
Recommendation
New data highlights 'achievement gap' for students in the US
Will and Jada Pinkett Smith Make First Joint Red Carpet Appearance Since Separation Announcement
DNA from fork leads to arrest of Florida man 15 years after uncle killed in NYC
After several setbacks, Boeing will try again to launch its crewed Starliner on Saturday
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Red Light Therapy Tools to Combat Acne, Wrinkles, and Hair Loss
Jax Taylor Addresses Dating Rumors After Being Spotted With Another Woman Amid Brittany Cartwright Split
Nick Pasqual accused of stabbing ex-girlfriend 'multiple times' arrested at US-Mexico border