Current:Home > MarketsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -WorldMoney
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-15 05:10:20
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! (63)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Judges toss lawsuit targeting North Dakota House subdistricts for tribal nations
- Jamaican security forces shot more than 100 people this year. A body camera was used only once
- The FDA proposes banning a food additive that's been used for a century
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Jeff Bezos to leave Seattle for Miami
- Why Kendall Jenner Was Ready for Bad Bunny to Hop Into Her Life
- The Gilded Age and the trouble with American period pieces
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Riley Keough Debuts Jet-Black Hair in Dramatic Transformation
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Russia steps up its aerial barrage of Ukraine as Kyiv officials brace for attacks on infrastructure
- Escondido police shoot and kill man who fired gun at them during chase
- We tune into reality TV to see well, reality. But do the stars owe us every detail?
- Tom Holland's New Venture Revealed
- Trump, other Republicans call for travel restrictions, sparking new 'Muslim ban' fears
- Investigators are being sent to US research base on Antarctica to look into sexual violence concerns
- Her daughter was killed in the Robb Elementary shooting. Now she’s running for mayor of Uvalde
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
What sodas do and don't have BVO? What to know about additive FDA wants to ban
Walter Davis, known for one of the biggest shots in UNC hoops history, dies at 69
California man who squatted at Yosemite National Park vacation home gets over 5 years in prison
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
After raid on fundraiser’s home, NYC mayor says he has no knowledge of ‘foreign money’ in campaign
Lack of affordable housing in Los Angeles’ Venice Beach neighborhood inspires activism and art
Inside the policy change at Colorado that fueled Deion Sanders' rebuilding strategy