Particle.news

Download on the App Store

Theranos founder Elizabeth Holmes begins prison term for fraud

  • Elizabeth Holmes entered a federal prison in Texas to serve an 11-year sentence for fraud and conspiracy related to her failed blood-testing startup Theranos.
  • Holmes will serve time at a minimum-security women's prison known as FPC Bryan where she will have a prison job, live in sparse conditions, but still continue her vegan diet and see her family on weekends.
  • Holmes founded Theranos at 19 and became a star of Silicon Valley until a Wall Street Journal investigation revealed the company's technology did not work as advertised and patients received inaccurate blood test results.
  • Holmes leaves behind two young children who she will be separated from during her time in prison.
  • Theranos was once valued at $9 billion before collapsing in the wake of revelations about its flawed technology and false claims made to investors and partners.
Hero image