Elizabeth Holmes Begins 11-Year Prison Sentence for Defrauding Investors.

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Source: ABC News
Elizabeth Holmes Begins 11-Year Prison Sentence for Defrauding Investors.
Photo: ABC News
TL;DR Summary

Elizabeth Holmes, founder of Theranos, will begin serving her 11-year sentence for defrauding investors with false claims about her company's blood-testing technology. Holmes failed in multiple requests to delay her incarceration as she awaits a ruling on an appeal. The legal saga turned the former billionaire entrepreneur into a symbol of excess and deception in Silicon Valley. Holmes will report to Federal Prison Camp in Bryan, Texas, and was ordered to pay $452 million in restitution to those who suffered damage from the company's fraud.

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