Current:Home > NewsElizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case-LoTradeCoin
Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
View Date:2024-12-23 21:59:09
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! (46)
Related
- Let Demi Moore’s Iconic Fashion Give You More Inspiration
- Protesters shove their way into congress of Mexican border state of Nuevo Leon, toss smoke bomb
- For a male sexual assault survivor, justice won in court does not equal healing
- Schools across the U.S. will soon be able to order free COVID tests
- Republican Scott Baugh concedes to Democrat Dave Min in critical California House race
- Blinken urges Israel to comply with international law in war against Hamas as truce is extended
- Pickleball played on the Goodyear Blimp at 1,500 feet high? Yep, and here are the details
- Rumer Willis Shares Empowering Message About Avoiding Breastfeeding Shame
- Queen Bey and Yale: The Ivy League university is set to offer a course on Beyoncé and her legacy
- Federal judge blocks Montana's TikTok ban before it takes effect
Ranking
- Georgia public universities and colleges see enrollment rise by 6%
- Doggone good news: New drug aims to extend lifespan of dogs, company awaiting FDA approval
- Veterinarians say fears about 'mystery' dog illness may be overblown. Here's why
- Philippines opens a coast guard surveillance base in the South China Sea to watch Chinese vessels
- Mississippi expects only a small growth in state budget
- 9 hilarious Christmas tree ornaments made for parents who barely survived 2023
- Bills linebacker Von Miller facing arrest for assaulting a pregnant person, Dallas police say
- Trump will hold a fundraiser instead of appearing at next week’s Republican presidential debate
Recommendation
-
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Red Velvet, Please
-
Review: In concert film ‘Renaissance,’ Beyoncé offers glimpse into personal life during world tour
-
Paraguay official resigns after signing agreement with fictional country
-
California father helped teen daughter make $40K off nude photos, sheriff's office says
-
Dick Van Dyke says he 'fortunately' won't be around for Trump's second presidency
-
Golden Bachelor’s Gerry Turner Is Getting a Live Wedding Special: Save the Date
-
Meta warns that China is stepping up its online social media influence operations
-
Colorado head coach Deion Sanders named Sports Illustrated Sportsperson of the Year