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Theranos Founder Elizabeth Holmes Sentenced to 11.25 Years successful Prison
Elizabeth Holmes is officially facing the euphony for her crimes.
The erstwhile Theranos CEO reported to situation connected May 30, six months aft being sentenced to 11.25 years behind bars and 3 years of supervised merchandise for her relation successful the fraud case involving her humor investigating company.
According to the Associated Press, citing the Federal Bureau of Prisons, Holmes is presently successful custody astatine a women's situation campy successful Bryan, Texas.
Holmes, 39, was previously found guilty of 1 number of conspiracy to perpetrate ligament fraud and 3 counts of ligament fraud successful Jan. 2022 for allegedly deceiving Theranos investors.
"The blameworthy verdicts successful this lawsuit bespeak Ms. Holmes' culpability successful this ample standard capitalist fraud and she indispensable present look sentencing for her crimes," U.S. Attorney Stephanie Hinds successful a 2022 connection aft the months-long trial. "I convey the jurors for their thoughtful and determined work that ensured verdicts could beryllium reached."
(At the time, Holmes was besides recovered not blameworthy of the 2nd number of conspiracy to perpetrate ligament fraud and the assemblage reached nary verdict connected 3 much counts of ligament fraud.)
While Theranos—founded successful 2003 by the Stanford University dropout—was initially touted for its alleged finger prick humor investigating method, it made headlines successful 2015 aft The Wall Street diary reported that the company's devices didn't execute arsenic expected.
Not to mention, per the U.S. Attorney's Office, Holmes was accused of making "numerous misrepresentations" astir her company.
Taylor Hill/Getty Images
Over time, Theranos' fallout person go the taxable of books, documentaries and adjacent the 2022 TV series, The Dropout, starring Amanda Seyfried as Holmes.
"I was told [Holmes] wasn't gonna ticker it," Seyfried told Marie Claire successful May 2022, "that it was atrocious news, and that she didn't privation immoderate portion of it. I don't cognize if it's wholly true. Who knows? I'm a small skeptical of immoderate accusation that comes my way."
A fewer weeks earlier reporting situation to prison, Holmes—who gave commencement to her and partner Billy Evans' 2nd kid successful February—reflected connected her bumpy history.
"I made truthful galore mistakes and determination was truthful overmuch I didn't cognize and understand," she told the New York Times in a portion published May 12, "and I consciousness similar erstwhile you bash it wrong, it's similar you truly internalize it successful a heavy way."
As for however she was preparing for her situation sentence, Holmes noted she was spending clip with her family. "How would you walk your clip if you didn't cognize however overmuch clip you had left?" she said. "It would beryllium the benignant of things we're doing present due to the fact that they're perfect. Just being together."
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