Current:Home > FinanceElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Momentum Wealth Path
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-12 06:05:55
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! (153)
Related
- Intellectuals vs. The Internet
- Brown bear that killed Italian runner is captured, her 3 cubs freed
- How Jimmy Kimmel Addressed Will Smith's Oscars Slap During 2023 Ceremony
- Putin meets with China's defense minister in Moscow
- Questlove charts 50 years of SNL musical hits (and misses)
- Ulta 24-Hour Flash Sale: Take 50% Off Ariana Grande's R.E.M. Beauty, Lancôme, Urban Decay, and More
- Emily Blunt's White Hot Oscars 2023 Entrance Is Anything But Quiet
- Poland prohibits food imports from Ukraine to soothe farmers
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Kevin Bacon and Kyra Sedgwick Do Date Night in Matching Suits at 2023 Vanity Fair Oscars Party
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Is The Future Of The Internet In The Metaverse?
- Amazon warehouse workers on Staten Island push for union vote
- Tiny Tech Tips: The Best Wireless Earbuds
- US appeals court rejects Nasdaq’s diversity rules for company boards
- You'll Be a Sucker for Joe Jonas and Sophie Turner's Matching Goth Looks at Oscars After-Party
- Get Cozy During National Sleep Week With These Pajamas, Blankets, Eye Masks & More
- King Charles III's official coronation quiche recipe raises some eyebrows
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Emaciated followers found at Kenyan pastor's property; 4 dead
Cupshe Flash Sale: Save 85% on Swimsuits, Cover-Ups, Dresses, and More
The U.K. will save thousands of its iconic red phone kiosks from being shut down
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Migrant deaths in Mediterranean reach highest level in 6 years
Hugh Grant Compares Himself to a Scrotum During Wild 2023 Oscars Reunion With Andie MacDowell
A hiccup at Tesla left some owners stranded and searching for the user manual