Current:Home > NewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -AssetTrainer
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-15 16:35:36
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! (6784)
Related
- Arkansas State Police probe death of woman found after officer
- How Jonathan Bailey and Matt Bomer Bonded Over a Glass of Milk
- Prosecutors decry stabbing of ex-officer Derek Chauvin while incarcerated in George Floyd’s killing
- Israel-Hamas war rages with cease-fire delayed, Israeli hostage and Palestinian prisoner families left to hope
- A South Texas lawmaker’s 15
- Timeline: The mysterious death of Stephen Smith in Murdaugh country
- Four local employees of Germany’s main aid agency arrested in Afghanistan
- Biden says 4-year-old Abigail Edan was released by Hamas. He hopes more U.S. hostages will be freed
- 2025 'Doomsday Clock': This is how close we are to self
- The Bachelor's Ben Flajnik Is Married
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Honda recalls 300,000 cars and SUVs over missing seat belt component
- Palestinian militants kill 2 alleged informers for Israel and mob drags bodies through camp alleys
- Digging to rescue 41 workers trapped in a collapsed tunnel in India halted after machine breaks
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Israel-Hamas hostage deal delayed until Friday, Israeli official says
- 3-year-old shot and killed at South Florida extended stay hotel
- Trump hints at expanded role for the military within the US. A legacy law gives him few guardrails
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Giving Tuesday: How to donate to a charity with purpose and intention
Suzanne Shepherd, Sopranos and Goodfellas actress, dies at 89
Biden says 4-year-old Abigail Edan was released by Hamas. He hopes more U.S. hostages will be freed
Skins Game to make return to Thanksgiving week with a modern look
Black Women Face Disproportionate Risks From Largely Unregulated Toxic Substances in Beauty and Personal Care Products
Bryan Adams says Taylor Swift inspired him to rerecord: 'You realize you’re worth more'
Schools in Portland, Oregon, reach tentative deal with teachers union after nearly month-long strike