Current:Home > MarketsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Secure Growth Academy
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-15 16:36:50
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! (281)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- See Timothée Chalamet sing as Bob Dylan in 'A Complete Unknown' trailer
- After losing an Olympic dream a decade ago, USA Judo's Maria Laborde realizes it in Paris
- Pregnant Hailey Bieber Confirms Husband Justin Bieber Gifted Her Stunning New Ring
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- 2024 Olympic Rugby Star Ilona Maher Claps Back at Criticism About Her Weight
- Andrew Tate’s defamation lawsuit against human trafficking accuser can go to trial, judge says
- The Daily Money: What is $1,000 a month worth?
- The Best Stocking Stuffers Under $25
- Arkansas court orders state to count signatures collected by volunteers for abortion-rights measure
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Body camera video focused national attention on an Illinois deputy’s fatal shooting of Sonya Massey
- Trump rally gunman fired 8 shots in under 6 seconds before he was killed, analysis shows
- 19 Kids and Counting's Jana Duggar Reveals She's Moved Out of Family's House
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- In a reversal, Georgia now says districts can use state funding to teach AP Black studies classes
- Jennifer Lopez Shares Glimpse Inside Lavish Bridgerton-Themed Party for 55th Birthday
- Giants on 'Hard Knocks': Inside Joe Schoen's process for first round of 2024 NFL Draft
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Member of an Arizona tribe is accused of starting a wildfire that destroyed 21 homes on reservation
Idaho crash leaves 2 injured on final day of 'No Speed limit' driving event
Hiker falls to death during storm on Yosemite’s iconic Half Dome
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Jennifer Aniston Calls Out J.D. Vance's Childless Cat Ladies Comments With Message on Her IVF Journey
The Daily Money: What is $1,000 a month worth?
BMW recalls over 291,000 SUVs because interior cargo rails can detach in crash, raising injury risk