Current:Home > MarketsSignalHub-Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -TradeWise
SignalHub-Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
Poinbank Exchange View
Date:2025-04-10 03:34:59
Elizabeth Holmes is SignalHubofficially 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! (792)
Related
- Meta releases AI model to enhance Metaverse experience
- How to watch August’s supermoon, which kicks off four months of lunar spectacles
- Schools reopen with bolstered security in Kentucky county near the site of weekend I-75 shooting
- Brothers charged with assaulting New York Times photographer during Capitol riot
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Trump rules out another debate against Harris as her campaign announces $47M haul in hours afterward
- Will Ferrell reflects on dressing in drag on 'SNL': 'Something I wouldn't choose to do now'
- DC police officers sentenced to prison for deadly chase and cover-up
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Bozoma Saint John talks Vikings, reality TV faves and life while filming 'RHOBH'
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Firm offers bets on congressional elections after judge clears way; appeal looms
- Feds rarely punish hospitals for turning away pregnant patients
- Dolphins' matchup vs. Bills could prove critical to shaping Miami's playoff fortune
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Meadow Walker Shares Gratitude for Late Dad Paul Walker in Heartbreaking Birthday Message
- WNBA and Aces file motions to dismiss Dearica Hamby’s lawsuit
- Border Patrol response to Uvalde school shooting marred by breakdowns and poor training, report says
Recommendation
The Daily Money: Spending more on holiday travel?
Ex-Massachusetts lawmaker convicted of scamming pandemic unemployment funds
Utility ordered to pay $100 million for its role in Ohio bribery scheme
US consumer sentiment ticks higher for second month but remains subdued
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Kelly Clarkson Reacts to Carrie Underwood Becoming American Idol Judge
Driver charged with killing NHL’s Johnny Gaudreau and his brother had .087 blood-alcohol level
Man convicted of killing 4 at a Missouri motel in 2014