Current:Home > NewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -MoneyTrend
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-14 15:09:50
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! (23975)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Kevin Bacon regrets being 'resistant' to 'Footloose': 'Time has given me perspective'
- Joey Chestnut, banned from Nathan's Hot Dog Eating Contest, to compete against Takeru Kobayashi on Netflix
- Decomposed remains of an infant found in Kentucky are likely missing 8-month-old girl, police say
- Intel's stock did something it hasn't done since 2022
- Ariana DeBose talks hosting Tony Awards, Marvel debut: I believe in versatility
- Luka Doncic shows maturity in responding to criticism with terrific NBA Finals Game 4
- Missouri woman’s murder conviction tossed after 43 years. Her lawyers say a police officer did it
- Average rate on 30
- History buff inadvertently buys books of Chinese military secrets for less than $1, official says
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- A man died after falling into a manure tanker at a New York farm. A second man who tried to help also fell in and died.
- Argentina men’s national team friendly vs. Guatemala: Messi scores goal, how to live stream
- Broadway celebrates a packed and varied theater season with the 2024 Tony Awards
- B.A. Parker is learning the banjo
- Revolve Sale Finds Under $60: Up to 82% Off Must-Have Styles From Nike, AllSaints & More
- Shooting in Detroit suburb leaves ‘numerous wounded victims,’ authorities say
- England vs. Serbia: Why Three Lions will (or won't) win Euro 2024 to end trophy drought
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
In-N-Out raises California prices of Double-Double after minimum wage law
Screw warm and fuzzy: Why 2024 is the year of feel-bad TV
Porzingis available for Celtics as they try to wrap up sweep of NBA Finals against Mavericks
South Korean president's party divided over defiant martial law speech
Doncic scores 29, Mavericks roll past the Celtics 122-84 to avoid a sweep in the NBA Finals
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Letter Openers
Floating Gaza aid pier temporarily dismantled due to rough seas