Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30.
Former Theranos CEO Elizabeth Holmes, left, and her partner, Billy Evans, leave federal court in San Jose, on March 17, 2023.In Wednesday’s filing, Holmes’ lawyers didn’t disclose the location of the prison that she has been assigned to serve her sentence. But they noted she has to prepare to travel outside of California, where she has been living in the San Diego area while free on bail. Davila has recommended that Holmes be imprisoned in Bryan, Texas.
When Holmes is finally incarcerated, it will bring down the curtain on a saga that cast a bright light on a dark chapter in Silicon Valley that brought her fame and fortune before her scandalous downfall. After dropping out of Stanford University in 2003 to found Theranos while still a teenager, Holmes promised to revolutionize healthcare with a technology that she promised would be able to scan for hundreds of diseases and other potential problems with just a few drops of blood. The idea helped her raising nearly $1 billion from sophisticated investors that included Oracle co-founder Larry Ellison and media mogul Rupert Murdoch, who is owed $125 million under the restitution order.
But Theranos’ blood tests never came close to working the way Holmes had boasted with the support of Balwani, resulting in the company’s collapse and a tale that has been the subject of a book, “Bad Blood,” an HBO documentary, “The Inventor,” and a Hulu mini-series, ”The Dropout,” which won Amanda Seyfried an Emmy in the starring role.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disgraced Theranos CEO Elizabeth Holmes will report to jail on May 30The order states that Elizabeth Holmes must report to prison on May 30. She is expected to report to a minimum-security prison in Bryan, Texas.
Read more »
Disgraced Theranos CEO Elizabeth Holmes must report to prison May 30The ruling orders Elizabeth Holmes to report to prison May 30. She is expected to begin her sentence at a minimum-security prison in Bryan, Texas.
Read more »
Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution billDisgraced Theranos CEO Elizabeth Holmes loses bid to remain free while she tries to overturn her fraud conviction.
Read more »
Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution billDisgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.
Read more »
Theranos Founder Elizabeth Holmes’s Request to Stay Free on Bail DeniedBreaking: Theranos founder Elizabeth Holmes can’t stay out of prison while her appeal makes it way through the court
Read more »