Current:Home > reviewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Wealth Momentum Network
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-13 23:09:53
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! (53458)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Why is Haason Reddick holding out on the New York Jets, and how much is it costing him?
- Caleb Williams has forgettable NFL debut with Chicago Bears – except for the end result
- AR-15 found as search for Kentucky highway shooter intensifies: Live updates
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Joe Manganiello and Girlfriend Caitlin O'Connor Make Marvelous Red Carpet Appearance
- California's Line Fire grows due to high temperatures, forces evacuations: See map
- Powerball winning numbers for September 7: Jackpot climbs to $112 million
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 'The Room Next Door' wins Venice Film Festival's Golden Lion for best picture
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Battery-powered devices are overheating more often on planes and raising alarm
- Police say a Russian ‘spy whale’ in Norway wasn’t shot to death
- Pitt fires athletic director Heather Lyke months before her contract was set to expire
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- How We Live in Time Helped Andrew Garfield's Healing Journey After His Mom's Death
- Trader Joe's viral mini tote bags returning soon
- Puka Nacua leaves Los Angeles Rams' loss to Detroit Lions with knee injury
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
US investigating reports that some Jeep SUVs and pickups can catch fire after engines are turned off
Ana de Armas Shares Insight Into Her Private World Away From Hollywood
As summer winds down, dogs around the country make a splash: See pictures of doggy dip days
Intel's stock did something it hasn't done since 2022
Futures start week on upbeat note as soft landing optimism lingers
Maren Morris Reveals New Career Milestone
Montgomery’s 1-yard touchdown run in OT lifts Lions to 26-20 win over Rams