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Elizabeth Holmes Begins 11-Year Prison Sentence for Theranos Fraud

  • Elizabeth Holmes reported to a minimum-security federal prison in Bryan, Texas to begin serving her 11-year sentence for defrauding investors in her company Theranos.
  • Holmes was convicted of four felony counts of fraud and conspiracy in January 2022 and sentenced in November, though she exhausted all options to avoid prison.
  • Holmes leaves behind two young children, including an infant born after her conviction.
  • Holmes' ex-boyfriend and Theranos executive Ramesh "Sunny" Balwani is already serving a 13-year prison sentence for his role in the fraud.
  • Holmes and Balwani have been ordered to pay $452 million in restitution to their victims.
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