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Published 10 months ago

Elizabeth Holmes enters Texas prison to begin 11-year sentence for notorious blood-testing hoax

  • Elizabeth Holmes, the founder of Theranos, has begun her 11-year prison sentence in a minimum-security prison in Texas for four counts of fraud linked to her failed blood testing start-up.
  • Holmes will work alongside other inmates for between 12 cents and $1.15 an hour, with wages going towards court-mandated restitution payments to her victims.
  • Holmes' former business partner, Sunny Balwani, is already serving a 13-year sentence in California for his role in the scheme, and Holmes will be under supervision for three years after her release.
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