Elizabeth Holmes Begins Prison Sentence in Texas.

1 min read
Source: The New York Times
Elizabeth Holmes Begins Prison Sentence in Texas.
Photo: The New York Times
TL;DR Summary

Elizabeth Holmes, the founder of Theranos, is set to report to a minimum-security prison in Texas to begin her 11-year, three-month sentence for defrauding investors. She will be required to work in the cafeteria or manufacturing facility, where pay starts at $1.15 an hour. Inmates can also enroll in a “Lean Six Sigma” training program to learn about efficiency. Holmes and her former business partner, Ramesh Balwani, must together pay $452 million in restitution to investors who were defrauded.

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