Medical startup founder Elizabeth Holmes begins 11-year prison sentence for fraud
- Elizabeth Holmes, founder of Theranos, has begun serving her 11-year prison sentence at a minimum-security federal prison camp in Bryan, Texas after being convicted of defrauding investors and patients.
- Holmes' former boyfriend and Theranos COO Ramesh "Sunny" Balwani was also convicted of fraud and sentenced to 13 years in prison.
- Holmes and Balwani falsely claimed Theranos' blood tests could detect various conditions using only a few drops of blood and will have to pay $452 million in restitution.
- Holmes leaves behind two young children, a son born in July 2021 and a 3-month old daughter.
- Actress Amanda Seyfried commented on the news, expressing sympathy for the children affected by the situation.