Current:Home > FinanceElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -MacroWatch
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-14 22:01:23
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! (82998)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- More teens would be tried in adult courts for gun offenses under Kentucky bill winning final passage
- All That Alum Kenan Thompson Reacts to Quiet on Set Allegations About Nickelodeon Shows
- Fans are losing their minds after Caleb Williams reveals painted nails, pink phone
- A South Texas lawmaker’s 15
- Hawaii says 30 Lahaina fire survivors are moving into housing daily but 3,000 are still in hotels
- 1 of 2 suspects in fatal shooting of New York City police officer is arrested
- 2 high school wrestling team members in West Virginia are charged with sexual assault
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- New spicy Casey McQuiston book 'The Pairing' comes out this summer: What fans can expect
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- About 2,000 migrants begin a Holy Week walk in southern Mexico to raise awareness of their plight
- About 2,000 migrants begin a Holy Week walk in southern Mexico to raise awareness of their plight
- Washington state's Strippers' Bill of Rights, providing adult dancers workplace protections, signed into law
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Rebel Wilson Alleges Sacha Baron Cohen Asked Her to Stick Finger in His Butt
- Baltimore bridge collapse reignites calls for fixes to America's aging bridges
- What to know about the cargo ship Dali, a mid-sized ocean monster that took down a Baltimore bridge
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Fans are losing their minds after Caleb Williams reveals painted nails, pink phone
Charlie Woods finishes in three-way tie for 32nd in American Junior Golf Association debut
Louisville finalizing deal to hire College of Charleston's Pat Kelsey as men's basketball coach
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
USWNT's Midge Purce will miss Olympics, NWSL season with torn ACL: 'I'm heartbroken'
Steward Health Care strikes deal to sell its nationwide physician network to Optum
Who is Nicole Shanahan, Robert F. Kennedy Jr.'s new running mate?