Current:Home > InvestElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Wealth Empowerment Academy
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
Benjamin Ashford View
Date:2025-04-11 02:45:26
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! (48122)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Genius Products That Will Make Your Life so Much Easier (and Cost Less Than $10)
- Levi Wright's Mom Shares Moving Tribute to 3-Year-Old Son One Week After His Death
- Amari Cooper, entering final year of contract, not present at Cleveland Browns minicamp
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Teen Mom Star Amber Portwood's Fiancé Gary Wayt Reported Missing Days After Engagement News
- Bravo's Tabatha Coffey Reveals Her Partner of 25 Years Died After Heartbreaking Health Struggles
- Karen Read on trial for death of boyfriend John O'Keefe as defense claims police cover up
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- United States men's national soccer team friendly vs. Brazil: How to watch, rosters
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The Federal Reserve is about to make another interest rate decision. What are the odds of a cut?
- Biden administration to bar medical debt from credit reports
- National Amusements ends Paramount merger talks with Skydance Media
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Sam Brown, Jacky Rosen win Nevada Senate primaries to set up November matchup
- Chrysler recalls over 200,000 SUVs, trucks due to software malfunction: See affected vehicles
- Genius Products That Will Make Your Life so Much Easier (and Cost Less Than $10)
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Arkansas governor calls for special session on tax cuts and funds for hunting and fishing agency
Pamela Smart accepts responsibility in husband's 1990 murder for first time
These July 4th-Inspired Items Will Make You Say U-S-A!
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
YouTube Star Ben Potter’s Cause of Death Revealed
AP sources: 8 people with possible Islamic State ties arrested in US on immigration violations
Jon Rahm withdraws from 2024 US Open due to foot infection