Current:Home > MarketsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Triumph Financial Guides
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-18 02:40:15
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! (5429)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Arizona lawmakers pass budget closing $1.4 billion deficit
- Bryson DeChambeau wins another U.S. Open with a clutch finish to deny Rory McIlroy
- Northeast and Midwest prepare for dangerously hot temperatures and heat dome
- Tom Holland's New Venture Revealed
- Severe, chaotic weather around US with high temperatures in Southwest and Midwest, snow in Rockies
- Staffing shortages persist as Hawaii’s effort to expand preschool moves forward
- Florida State drops Virginia to stay alive at College World Series
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Doubling Down with the Derricos’ Deon and Karen Derrico Break Up After 19 Years of Marriage
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Mega Millions winning numbers for June 14 drawing: Jackpot climbs to $61 million
- Arizona lawmakers pass budget closing $1.4 billion deficit
- Police officers fatally shot an Alabama teenager, saying he threatened them with knives and a gun
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Kourtney Kardashian Shares Adorable New Photos of Baby Rocky With Travis Barker on Father's Day
- CLIMATE GLIMPSE: Scorching Northern Hemisphere heat leads to deaths and wildfires
- Taylor Swift's ex Joe Alwyn breaks silence on their split and 'long, loving' relationship
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Toyota recalls 13,000 cars over camera defect that increases risk of hitting pedestrians
Man on fishing trip drowns trying to retrieve his keys from a lake. Companion tried to save him
How Jennifer Lopez Honored Hero Ben Affleck on Father's Day 2024 Amid Breakup Rumors
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
A look in photos of the Trooping the Colour parade, where Princess Kate made her first official appearance in months
Gretchen Walsh makes Olympic team one night after shattering world record
Kyle Richards' Home Finds Bring Real Housewives of Beverly Hills Glam Starting at Just $6.97