Current:Home > ScamsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -AssetBase
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-16 21:34:03
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! (585)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- At least 64 dead after Helene’s deadly march across the Southeast
- California governor vetoes bill to create first-in-nation AI safety measures
- 7UP clears up rumors about mocktail-inspired flavor, confirms Shirley Temple soda is real
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Minnesota football's Daniel Jackson makes 'Catch of the Year' for touchdown vs Michigan late
- Red Sox honor radio voice Joe Castiglione who is retiring after 42 years
- Horoscopes Today, September 28, 2024
- Travis Hunter, the 2
- Map shows 19 states affected by listeria outbreak tied to Boar's Head deli meat
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Kailyn Lowry Shares Why She Just Developed a Strategy for Dealing With Internet Trolls
- 'Multiple' deaths reported after single-engine plane crashes in North Carolina
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, After Midnight
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Opinion: Florida celebrating Ole Miss loss to Kentucky? It brings Lane Kiffin closer to replacing Billy Napier
- Key Senate race in Arizona could hinge on voters who back Trump and the Democratic candidate
- Fontes blocked from using new rule to certify election results when counties refuse to
Recommendation
Arkansas State Police probe death of woman found after officer
Mega Millions winning numbers for September 27 drawing; jackpot at $93 million
NFL games today: Titans-Dolphins, Seahawks-Lions on Monday Night Football doubleheader
It’s a ‘very difficult time’ for U.S. Jews as High Holy Days and Oct. 7 anniversary coincide
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Control of the US Senate is in play as Montana’s Tester debates his GOP challenger
Handing out MLB's 2024 awards: Shohei Ohtani, Aaron Judge earn MVPs for all-time seasons
Kris Kristofferson, A Star Is Born Actor and Country Music Legend, Dead at 88