Elizabeth Holmes begins 11-year prison sentence amidst drastic lifestyle shift.

1 min read
Source: The Guardian
Elizabeth Holmes begins 11-year prison sentence amidst drastic lifestyle shift.
Photo: The Guardian
TL;DR Summary

Elizabeth Holmes, founder of the failed blood-testing firm Theranos, is expected to begin her 11-year prison sentence on Tuesday after being convicted of defrauding investors. She had attempted to delay serving her sentence while seeking a new trial, but her requests were denied. Holmes will serve her sentence at a minimum-security federal prison camp in Texas and will face three years of supervised release after her sentence ends. She has also been ordered to pay $452m in restitution to victims of the fraud. The imprisonment of both Holmes and her former partner Sunny Balwani marks the end of the dramatic tale of Theranos, which promised a revolutionary technology that could run hundreds of health tests on just one drop of blood.

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