Current:Home > InvestElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -LegacyBuild Academy
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-13 08:21:18
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! (61272)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Flavor Flav is the official hype man for the US women’s water polo team in the Paris Olympics
- Has Bud Light survived the boycott? Year after influencer backlash, positive signs emerge
- Missouri Legislature faces 6 p.m. deadline to pass multibillion-dollar budget
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Prince Harry and Meghan Markle Arrive in Nigeria for 3-Day Tour
- Artemi Panarin, Alexis Lafrenière fuel Rangers' comeback in Game 3 win vs. Hurricanes
- A gay couple is suing NYC for IVF benefits. It could expand coverage for workers nationwide
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- How to watch (and stream) the Eurovision Song Contest final
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Harvey Weinstein will not be extradited to California for rape sentencing: Reports
- Israeli Eurovision contestant booed, heckled with 'Free Palestine' chants in rehearsal
- She was the chauffeur, the encourager and worked for the NSA. But mostly, she was my mom
- The company planning a successor to Concorde makes its first supersonic test
- From Linen Dresses to Matching Sets, Old Navy's Sale is Full Of Chic Summer Staples At Unbeatable Prices
- From Linen Dresses to Matching Sets, Old Navy's Sale is Full Of Chic Summer Staples At Unbeatable Prices
- Biden campaign ramps up outreach to Black voters in Wisconsin as some organizers worry about turnout
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Prince Harry, Duchess Meghan visit school children as part of first trip to Nigeria
Embrace Your Unique Aura With Bella Hadid's Fragrance Line, 'Ôrəbella, Now Available At Ulta
This Overnight Balm Works Miracles Any Time My Skin Is Irritated From Rosacea, Eczema, Allergies, or Acne
What do we know about the mysterious drones reported flying over New Jersey?
In Louisiana’s ‘Cancer Alley,’ Excitement Over New Emissions Rules Is Tempered By a Legal Challenge to Federal Environmental Justice Efforts
With Eras Tour changes, these songs landed on Taylor Swift's chopping block
Hollywood penthouse condo sells for $24 million: See inside the luxury space