Theranos Founder Elizabeth Holmes Begins 11-Year Prison Sentence in Texas for Investor Fraud

Elizabeth Holmes, the founder of Theranos, has started serving her 11-year sentence in a Texas federal prison after defrauding investors.[0] A former Silicon Valley star, Holmes was once known for her revolutionary blood-testing technology, which promised to diagnose complex medical conditions with just a few drops of blood.[1] However, the company’s technology was exposed as unreliable and ultimately led to its downfall. In January 2022, Holmes was found guilty on four counts of wire fraud for defrauding high-profile investors such as Rupert Murdoch and the Walton family of Walmart fame.[2] She was sentenced to 11 years and three months in prison, and ordered to pay $452m in restitution to victims of the fraud.[3] Holmes had repeatedly tried to delay her incarceration, but her appeals were rejected.[4] She will serve her sentence at a women’s prison camp located in Bryan, Texas.[3]

0. “Theranos founder Elizabeth Holmes begins 11-year prison sentence” Yahoo Finance, 30 May. 2023,

1. “Elizabeth Holmes reports to Texas prison, inmates excited” mySA, 30 May. 2023,

2. “Theranos founder Elizabeth Holmes begins 11-year prison sentence” New York Daily News, 30 May. 2023,

3. “‘People wanted to believe the fairytale’: the downfall of Elizabeth Holmes” The Guardian US, 30 May. 2023,

4. “Theranos founder Elizabeth Holmes turns herself in for 11-year prison term” The Guardian, 30 May. 2023,