Current:Home > reviewsCharles Langston:Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case -Blueprint Money Mastery
Charles Langston:Elizabeth Holmes Begins 11-Year Prison Sentence in Theranos Fraud Case
Charles Langston View
Date:2025-04-06 17:35:03
Elizabeth Holmes is Charles Langstonofficially 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! (8)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- New Hampshire’s governor’s race pits ex-Sen. Kelly Ayotte against ex-Mayor Joyce Craig
- Sara Foster Confirms Breakup From Tommy Haas, Shares Personal Update Amid Separation
- Competitive Virginia races could play a critical role in the battle for Congress
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Za'Darius Smith trade winners, losers: Lions land Aidan Hutchinson replacement
- CFP rankings channel today: How to watch first College Football Playoff poll
- US Sen. Tim Kaine fights for a 3rd term in Virginia against GOP challenger Hung Cao
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Central Michigan voters are deciding 2 open congressional seats in the fight for the US House
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- New Hampshire will decide incumbent’s fate in 1 US House district and fill an open seat in the other
- Patrick Mahomes survives injury scare in Chiefs' overtime win vs. Buccaneers
- After Disasters, Whites Gain Wealth, While People of Color Lose, Research Shows
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- North Dakota measures would end local property taxes and legalize recreational marijuana
- Taylor Swift Reunites With Pregnant Brittany Mahomes in Private Suite at Chiefs Game
- Pennsylvania is home to 5 heavily contested races for the US House
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Sean 'Diddy' Combs thanks his children for their support as they sing 'Happy Birthday'
Nancy Mace tries to cement her hold on her US House seat in South Carolina
Alaska voters deciding a hard-fought race for the state’s only U.S. House seat, election issues
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Taylor Swift's Brother Austin Swift Stops Fan From Being Kicked Out of Eras Tour
Nancy Mace tries to cement her hold on her US House seat in South Carolina
Za'Darius Smith trade grades: Who won deal between Lions, Browns?