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Theranos founder Elizabeth Holmes has reported to prison to begin her 11-year sentence. After several delays, she arrived at a federal prison camp in Bryan, Texas on May 30. Once worth billions on paper, Holmes can expect a drastic change in lifestyle in custody. She reported to a federal prison camp for women in Bryan, Texas, to commence her sentence after losing her most recent appeal. Holmes wouldn't be able to walk freely about the prison camp, and her timetable would be strictly controlled.
Persons: Elizabeth Holmes, Holmes, fraudster Elizabeth Holmes, adieu, John Carreyrou, Bryan, Billy Evans, Philip Pacheco, Theranos, Holmes wouldn't, Bryan she'd Organizations: Securities and Exchange Commission, Wall Street Journal, Getty, CNBC, The New York Times, Times Locations: Bryan , Texas, Silicon Valley, Woodside, San Diego
Theranos' founder, Elizabeth Holmes, is finally set to report to prison Tuesday. After several delays, she's expected to report to a federal prison in Texas by 2 p.m.Once worth $4.5 billion, Holmes can expect a drastic change in lifestyle. She's expected to begin her sentence at a federal prison camp for women in Bryan, Texas, after losing her most recent appeal. Before Theranos collapsed, Holmes would usually dine at expensive restaurants and go on shopping sprees, according to emails cited by prosecutors during her trial. Holmes wouldn't be able to walk freely about the prison camp, and her timetable would be strictly controlled.
Convicted fraudster Elizabeth Holmes has given a series of pre-prison interviews to the New York Times. Disgraced Theranos founder Elizabeth Holmes has given an extensive series of interviews to the New York Times, published days after she managed to delay the start of her 11-year prison sentence. Holmes was convicted of four counts of fraud and conspiracy in January 2022 and was handed an 11-year prison sentence. Holmes didn't press charges. Representatives for Holmes didn't immediately respond to a request for comment from Insider.
Holmes was sentenced to over 11 years in prison while pregnant with second child in November. In a court filing this week, her legal team said Holmes has "two young children," according to Mercury News. Holmes is seeking to extend her freedom past the day she's due to prison in April. Holmes gave birth to her first child in July 2021 while awaiting trial for her charges. The company's valuation shot up to $9 billion before Holmes and fellow Theranos executives were charged with fraud in 2018.
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