Current:Home > FinanceElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Thrive Success Strategies
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-18 20:53:12
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! (932)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Jason Aldean sits next to Trump at RNC, Kid Rock performs
- Here's How to Get $237 Worth of Ulta Beauty Products for $30: Peter Thomas Roth, Drunk Elephant & More
- Blinken points to wider pledges to support Ukraine in case US backs away under Trump
- Arkansas State Police probe death of woman found after officer
- Rachel Lindsay's Ex Bryan Abasolo Says He Was “Psychologically Beaten Down Before Meeting Divorce Coach
- Rare orange lobster, found at Red Lobster, gets cool name and home at Denver aquarium
- How to take better photos with your smartphone
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- More Democrats join wave of lawmakers calling on Biden to drop out of 2024 race
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Pregnant Brittany Mahomes and Patrick Mahomes Reveal Sex of Baby No. 3
- Maryland announces civil lawsuit in case involving demands of sex for rent
- Here's How to Get $237 Worth of Ulta Beauty Products for $30: Peter Thomas Roth, Drunk Elephant & More
- Former longtime South Carolina congressman John Spratt dies at 82
- 'Skywalkers' looks at dangerous sport of climbing tall buildings, illegally
- Can Hollywood navigate AI, streaming wars and labor struggles? | The Excerpt
- Rachel Lindsay's Ex Bryan Abasolo Says He Was “Psychologically Beaten Down Before Meeting Divorce Coach
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Deion Sanders got unusual publicity bonus from Colorado, records show
Illinois deputy charged with murder after fatally shooting Sonya Massey inside her home
To test the Lotus Emira V-6, we first battled British build quality
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Angelina Jolie and Brad Pitt’s Daughter Shiloh Makes Major Move in Name Change Case
Heavy rain collapses part of ancient Michigan cave where ‘The Great Train Robbery’ was filmed
The man who saved the 1984 Olympic Games and maybe more: Peter Ueberroth