Current:Home > ContactElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -USAMarket
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-14 17:21:31
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! (353)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Meet Noah Kahan, Grammy best new artist nominee who's 'mean because I grew up in New England'
- Rubiales loses appeal against 3-year FIFA ban after kissing Spain player at Women’s World Cup final
- 'Heartless crime': Bronze Jackie Robinson statue cut down, stolen from youth baseball field
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Shop Lulus' Sale for the Perfect Valentine's Day Outfit & Use Our Exclusive Code
- Data breaches and ID theft are still hitting records. Here's how to protect yourself.
- 'Whirlwind' change from Jets to Ravens, NFL playoffs for Dalvin Cook: 'Night and day'
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Review: Austin Butler's WWII epic 'Masters of the Air' is way too slow off the runway
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Man accused of picking up teen fugitive following escape now facing charges, authorities say
- Covering child care costs for daycare workers could fix Nebraska’s provider shortage, senator says
- Speaker Johnson warns Senate against border deal, suggesting it will be ‘dead on arrival’ in House
- Small twin
- Are you ready for a $1,000 emergency expense? Study says less than half of Americans are.
- Kim Kardashian Reveals If Her Kids Will Take Over Her Beauty Empire
- King Charles III is admitted to a hospital for a scheduled prostate operation
Recommendation
Intellectuals vs. The Internet
Jannik Sinner ends 10-time champion Novak Djokovic’s unbeaten streak in Australian Open semifinals
Shiffrin being checked for left leg injury after crash in Cortina downhill on 2026 Olympics course
Parents are charged with manslaughter after a 3-year-old fatally shoots his toddler brother
Military service academies see drop in reported sexual assaults after alarming surge
Prominent Kentucky lawmaker files bill to put school choice on the statewide ballot in November
The Best Sales To Shop This Weekend from Vince Camuto, BaubleBar, Pottery Barn, & More
Whoopi Goldberg pushes back against 'Barbie' snubs at 2024 Oscars: 'Everybody doesn't win'