Current:Home > reviewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -TradeGrid
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-16 14:01:03
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! (4428)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Teddy Bridgewater to retire after the season, still impacting lives as 'neighborhood hero'
- WWE's Charlotte Flair out of action for 9 months after knee injury suffered on 'Smackdown'
- Melania Trump says her experience with immigration process opened my eyes to the harsh realities people face
- Military service academies see drop in reported sexual assaults after alarming surge
- Quaker Oats recalls some granola bars and cereals nationwide over salmonella risk
- Putin supporters formally nominate him as independent candidate in Russian presidential election
- Russia’s ruling party backs Putin’s reelection bid while a pro-peace candidate clears first hurdle
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Jared Goff throws 5 TD passes as NFC North-leading Lions bounce back, beat Broncos 42-17
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- There's still time (barely) to consolidate student loans for a shot at debt forgiveness
- Sisterhood of the Traveling Pants Stars Have a Full Cast Reunion That Will Lift Your Spirits
- Documents from binder with intelligence on Russian election interference went missing at end of Trump's term
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Finland seeks jailing, probe of Russian man wanted in Ukraine over alleged war crimes in 2014-2015
- Melania Trump says her experience with immigration process opened my eyes to the harsh realities people face
- Yes, that’s Martha Stewart at 14. Why holiday nostalgia is healthy.
Recommendation
Small twin
Homelessness in America reaches record level amid rising rents and end of COVID aid
Electric vehicles owners and solar rooftops find mutual attraction
Prosecutors say Washington state man charged in 4 murders lured victims with promise of buried gold
Bodycam footage shows high
Belarus political prisoners face abuse, no medical care and isolation, former inmate says
Finland seeks jailing, probe of Russian man wanted in Ukraine over alleged war crimes in 2014-2015
Ex-Jesuit’s religious community in Slovenia ordered to dissolve in one year over widespread abuse