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Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence

2023-05-30 09:41
Elizabeth Holmes is set to report to prison today to begin her 11-year sentence for the blood-testing scam at the heart of her start-up, Theranos. Earlier in May, a federal appeals court rejected her bid to remain out of prison while she attempts to overturn her January 2022 conviction on four felony counts of fraud and conspiracy. Holmes had asked a federal judge to allow her to remain free through the Memorial Day weekend before surrendering to authorities on 30 May. A delay was granted to give Holmes time to sort out several issues, including child care for her one-year-old son William and three-month-old daughter Invicta. Holmes had originally been ordered to begin her prison sentence on 27 April. The father of both children is William “Billy” Evans, whom she met after breaking up with her former romantic and business partner, Ramesh “Sunny,” Balwani, who began serving a nearly 13-year prison sentence last month in Southern California. Balwani was convicted of 12 felony counts of fraud and conspiracy committed while he was Theranos' chief operating officer. Holmes is expected to be incarcerated in Bryan, Texas, about 100 miles (160 km) northwest of her hometown of Houston. Read More The day has arrived for Elizabeth Holmes to report to a Texas prison As Elizabeth Holmes heads to prison for fraud, questions remain about her motives Theranos founder Elizabeth Holmes ordered to pay $125m back to Rupert Murdoch
Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence

Elizabeth Holmes is set to report to prison today to begin her 11-year sentence for the blood-testing scam at the heart of her start-up, Theranos.

Earlier in May, a federal appeals court rejected her bid to remain out of prison while she attempts to overturn her January 2022 conviction on four felony counts of fraud and conspiracy.

Holmes had asked a federal judge to allow her to remain free through the Memorial Day weekend before surrendering to authorities on 30 May.

A delay was granted to give Holmes time to sort out several issues, including child care for her one-year-old son William and three-month-old daughter Invicta. Holmes had originally been ordered to begin her prison sentence on 27 April.

The father of both children is William “Billy” Evans, whom she met after breaking up with her former romantic and business partner, Ramesh “Sunny,” Balwani, who began serving a nearly 13-year prison sentence last month in Southern California.

Balwani was convicted of 12 felony counts of fraud and conspiracy committed while he was Theranos' chief operating officer.

Holmes is expected to be incarcerated in Bryan, Texas, about 100 miles (160 km) northwest of her hometown of Houston.

Read More

The day has arrived for Elizabeth Holmes to report to a Texas prison

As Elizabeth Holmes heads to prison for fraud, questions remain about her motives

Theranos founder Elizabeth Holmes ordered to pay $125m back to Rupert Murdoch