Elizabeth Holmes Begins 11-Year Prison Sentence in Texas, Ordered to Pay $452 Million to Theranos Victims.
TL;DR Summary
Elizabeth Holmes, former CEO of Theranos, has been ordered by a federal judge to report to Federal Prison Camp Bryan in Texas on May 30 to begin her 11-year sentence for defrauding investors in a blood-testing scam. She was also ordered to pay $452 million in restitution. Holmes had requested a delay to sort out child care issues, but her request was denied. The prison has been recommended by a judge due to its more lenient family visitation policy.
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