Current:Home > MarketsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -StockPrime
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View
Date:2025-04-19 01:31:18
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! (372)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- CMA Awards snub Beyoncé, proving Black women are still unwelcome in country music
- Even the Emmys' Hosts Made Fun of The Bear Being Considered a Comedy
- Hispanic Heritage Month puts diversity and culture at the forefront
- Bodycam footage shows high
- A ‘Trump Train’ convoy surrounded a Biden-Harris bus. Was it political violence?
- Even the Emmys' Hosts Made Fun of The Bear Being Considered a Comedy
- Privacy audit: Check permissions, lock your phone and keep snoops out
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Falcons host the football team from Apalachee High School, where a shooter killed four
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Jennifer Aniston's No A--hole Policy Proves She Every Actor's Dream Friend
- Florida State's latest meltdown leads college football's Week 3 winners and losers
- Man charged with killing 4 university students in Idaho is jailed in Boise after his trial is moved
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- 2024 Emmys: Baby Reindeer's Nava Mau Details Need for Transgender Representation in Tearful Interview
- 2024 Emmys: See Meryl Streep and Martin Short Continue to Fuel Dating Rumors
- Americans end drought, capture 2024 Solheim Cup for first win in 7 years
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Hispanic Heritage Month puts diversity and culture at the forefront
Emmy Awards 2024 winners list: See who's taking home gold
Emmy Awards 2024 live updates: 'The Bear,' 'Baby Reindeer' win big early
New data highlights 'achievement gap' for students in the US
John Oliver Curses Out Emmy Awards on Live TV While Paying Tribute to Dead Dog
2024 Emmys: Dan Levy Reveals Eugene Levy Missed Out on This Massive TV Role
Another World Series hangover. Defending champion Rangers fail to repeat