- by cnn
- 30 Nov 2023
Elizabeth Holmes reported to prison on Tuesday, capping off a stunning downfall for the disgraced founder of failed blood testing startup Theranos.
Holmes was sentenced to more than 11 years in prison last November, after she wasÃ¢â¬Â¯convictedÃ¢â¬Â¯months earlier on multiple charges of defrauding investors while running the now-defunct startup.
Her request to remain free on bail while she fights to overturn her conviction was denied by an appellate court earlier this month. Judge Edward Davila, who presided over her trial, ordered Holmes to turn herself in to the Bureau of Prisons by May 30 to begin serving her sentence.
Holmes arrived Tuesday at Federal Prison Camp Bryan in southern Texas, a minimum security federal prison camp that is approximately 100 miles from Houston, where she grew up before moving to California to attend Stanford.
"We can confirm Elizabeth Holmes has arrived at the Federal Prison Camp (FPC) Bryan in Bryan, Texas, and is in the custody of the Federal Bureau of Prisons," a spokesperson for the Bureau of Prisons said in a statement provided to CNN.
Her ex-boyfriend and former Theranos COO Ramesh "Sunny" Balwani was also convicted of fraud, and reported to prison in California last month to begin serving out his sentence.
Holmes was once an icon in the tech world, serving as a posterchild for the limitless ambitions and potential of Silicon Valley. Now, she and Balwani are the rare tech executives tried for, and convicted on, fraud charges.
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