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Elizabeth Holmes is now in prison to begin 11-year sentence

Holmes had been out on bail since January 2022 after being sentenced to prison time in November.
Elizabeth Holmes is now in prison to begin 11-year sentence
Posted at 7:13 AM, May 30, 2023

Elizabeth Holmes, the disgraced Silicon Valley executive convicted of defrauding investors, has officially begun her 11-year prison sentence.

The 39-year-old entered the minimum-security women's prison camp located in Bryan, Texas, that holds about 650 inmates, Tuesday. 

Holmes leaves behind two young children, a 2-year-old son and a 3-month-old daughter. However, they will be allowed to visit her each weekend, along with her partner. 

Holmes was the CEO of Theranos, a startup that claimed its groundbreaking technology could detect diseases with a finger prick and just a few drops of blood. Those claims led to nearly $1 billion in funding.

However, Holmes defrauded investors out of millions of dollars during her years running the company that promoted the blood-testing device that actually never worked.

During her trial, Holmes admitted making mistakes at Theranos but continued to deny committing any crimes.

"Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes' misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," said U.S. District Judge Edward Davila. 

Holmes had been out on bail since January 2022, when she was convicted on fraud and conspiracy charges. 

SEE MORE: Elizabeth Holmes jurors hear different takes on her downfall


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