Current:Home > FinanceElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -NextWave Wealth Hub
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-19 06:50:24
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! (361)
Related
- Global Warming Set the Stage for Los Angeles Fires
- MVP repeat? Ravens QB Lamar Jackson separating from NFL field yet again
- Ag Pollution Is Keeping Des Moines Water Works Busy. Can It Keep Up?
- North Carolina attorney general’s race features 2 members of Congress
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Southern Taurid meteor shower hits peak activity this week: When and where to watch
- Remembering Quincy Jones: 10 career-spanning songs to celebrate his legacy
- Opinion: Women's sports are on the ballot in this election, too
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Why the NBA Doesn't Have Basketball Games on Election Day
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Fantasy football buy low, sell high: 10 trade targets for Week 10
- Adele fangirls over Meryl Streep at Vegas residency, pays homage to 'Death Becomes Her'
- Search for 4 missing boaters in California suspended after crews find 1 child dead and 1 alive
- Could your smelly farts help science?
- NFL trade deadline: Ranking 10 best players who still might be available
- As NFL trade deadline nears, Ravens' need for pass rusher is still glaring
- Horoscopes Today, November 4, 2024
Recommendation
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Pottery Barn 1-Day Sale: Snag $1.99 Wine Glasses, $7.99 Towels, $2.99 Ornaments, and More Deals
2 Ohio officers charged with reckless homicide in April death of Frank Tyson
Homes wiped out by severe weather in Oklahoma: Photos show damage left by weekend storms
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Vikings vs. Colts highlights: Sam Darnold throws 3 TDs in Sunday Night Football win
Juju Watkins shined in her debut season. Now, she and a loaded USC eye a national title.
Jennifer Lopez's Sister Reunites With Ben Affleck's Daughter Violet at Yale Amid Divorce