Elizabeth Holmes latest: Theranos founder surrenders to Texas prison to begin 11-year sentence

Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities of the biotech company’s blood-testing technology and defrauding investors out of millions of dollars.

She was sentenced to 11 years and three months in prison and ordered to pay $452 million in restitution to investors – including $125 million to media mogul Rupert Murdoch.

Rachel Sharp has the whole story.

Wearing a beige sweater, jeans and sneakers, the 39-year-old mother of two was led into the Federal Prison Camp in Bryan, Texas, by Federal Bureau of Prisons staff minutes before a court-ordered deadline of 2 p.m. Tuesday.

In addition to being sentenced to prison for his role in misleading investors, Holmes was also ordered to pay $452 million in restitution.

Here is a comprehensive overview of how we got to this point.

From college dropout at 19 to billionaire at 30 and prison at 39, Elizabeth Holmes has had a life path unlike any of her peers in Silicon Valley.

Her tainted legacy will continue to be fought over for years to come, writes Bevan Hurley.

She will serve her time at Federal Prison Camp Bryan in Texas – a facility for women located about 100 miles from Houston.

The minimum-security prison houses about 600 inmates, and runs a variety of programs intended to prepare inmates for life after incarceration, according to Camp Bryan’s handbook.

Among the inmates at Camp Bryan are Real Housewives of Salt Lake Cityreality TV star Jen Shah, who is serving six years behind bars for fraud. Shah has posted several blog posts from the prison, which she said does not have “a lot of kind people in this place”.

In accordance The Wall Street JournalJohn Carreyrou’s 2018 book Bad blood which documented her rise and fall is available in the prison library.

Elizabeth Holmes has surrendered herself to prison to begin her 11-year sentence for swindling wealthy investors in her bloodthirsty startup scam Theranos.

Watch the moment Holmes arrives for the start of her 11-year sentence.

While Elizabeth Holmes’ spectacular downfall has been chronicled in countless news reports, documentaries, several books and a television miniseries, little is known about her marriage to hotel heir William “Billy” Evans.

The pair met in the fall of 2017 at a Fleet Week charity event in San Francisco, when Holmes’ blood-testing business Theranos was under federal investigation.

Evans pleaded with a judge not to send his wife to prison, claiming her “capacity to change the world is limitless”.

Instead, he is now faced with raising their two young children without her for the next decade.

Amanda Seyfried made one Good morning America appearance on the same day disgraced tech entrepreneur Elizabeth Holmes began her 11-year prison sentence.

“Timing is everything,” noted host Michael Strahan, with Seyfried — who starred as the doomed Theranos founder in Hulu’s 2022 miniseries The apostasy – who acknowledges the coincidence: “I heard it. Today it’s big – well, weird, you know.

“I feel for those kids. There are two children hanging on by a thin thread here, as a parent, as a mother …”, she trailed off uncomfortably.

No Parkel has the whole story.

Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities of the biotech company’s blood-testing technology and defrauding investors out of millions of dollars.

She was sentenced to 11 years and three months in prison and ordered to pay $452 million in restitution to investors – including $125 million to media mogul Rupert Murdoch.

Rachel Sharp has the whole story.

Wearing a beige sweater, jeans and sneakers, the 39-year-old mother of two was led into the Federal Prison Camp in Bryan, Texas, by Federal Bureau of Prisons staff minutes before a court-ordered deadline of 2 p.m. Tuesday.

In addition to being sentenced to prison for his role in misleading investors, Holmes was also ordered to pay $452 million in restitution.

Here is a comprehensive overview of how we got to this point.

From college dropout at 19 to billionaire at 30 and prison at 39, Elizabeth Holmes has had a life path unlike any of her peers in Silicon Valley.

Her tainted legacy will continue to be fought over for years to come, writes Bevan Hurley.