{"id":4000,"date":"2023-05-30T16:02:48","date_gmt":"2023-05-30T21:02:48","guid":{"rendered":"https:\/\/embarrdowns.com\/theranos-founder-elizabeth-holmes-begins-11-year-prison-sentence-in-texas-for-investor-fraud\/"},"modified":"2023-05-30T16:02:48","modified_gmt":"2023-05-30T21:02:48","slug":"theranos-founder-elizabeth-holmes-begins-11-year-prison-sentence-in-texas-for-investor-fraud","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/theranos-founder-elizabeth-holmes-begins-11-year-prison-sentence-in-texas-for-investor-fraud\/","title":{"rendered":"Theranos Founder Elizabeth Holmes Begins 11-Year Prison Sentence in Texas for Investor Fraud"},"content":{"rendered":"

Elizabeth Holmes, the founder of Theranos, has started serving her 11-year sentence in a Texas federal prison after defrauding investors.[0]<\/a><\/sup> 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]<\/a><\/sup> However, the company\u2019s 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]<\/a><\/sup> She was sentenced to 11 years and three months in prison, and ordered to pay $452m in restitution to victims of the fraud.[3]<\/a><\/sup> Holmes had repeatedly tried to delay her incarceration, but her appeals were rejected.[4]<\/a><\/sup> She will serve her sentence at a women\u2019s prison camp located in Bryan, Texas.[3]<\/a><\/sup><\/p>\n

0. <\/span>“Theranos founder Elizabeth Holmes begins 11-year prison sentence” Yahoo Finance, 30 May. 2023, https:\/\/finance.yahoo.com\/news\/theranos-founder-elizabeth-holmes-begins-11-year-prison-sentence-184235361.html<\/a><\/a><\/p>\n

1. <\/span>“Elizabeth Holmes reports to Texas prison, inmates excited” mySA, 30 May. 2023, https:\/\/www.mysanantonio.com\/news\/local\/article\/texas-prison-elizabeth-holmes-18125485.php<\/a><\/a><\/p>\n

2. <\/span>“Theranos founder Elizabeth Holmes begins 11-year prison sentence” New York Daily News, 30 May. 2023, https:\/\/www.nydailynews.com\/news\/national\/ny-elizabeth-holmes-theranos-prison-20230530-pievep6eyvclhbphvjqkdbbiby-story.html<\/a><\/a><\/p>\n

3. <\/span>“\u2018People wanted to believe the fairytale\u2019: the downfall of Elizabeth Holmes” The Guardian US, 30 May. 2023, https:\/\/www.theguardian.com\/us-news\/2023\/may\/30\/elizabeth-holmes-enters-prison-11-year-sentence<\/a><\/a><\/p>\n

4. <\/span>“Theranos founder Elizabeth Holmes turns herself in for 11-year prison term” The Guardian, 30 May. 2023, https:\/\/www.theguardian.com\/technology\/2023\/may\/30\/theranos-elizabeth-holmes-prison-sentence-start<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Elizabeth Holmes, the founder of Theranos, has started serving her 11-year sentence in a Texas federal prison after defrauding investors.[0]<\/a><\/sup> 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]<\/a><\/sup> However, the company\u2019s 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]<\/a><\/sup> She was sentenced to 11 years and three months in prison, and ordered to pay $452m in restitution to victims of the fraud.[3]<\/a><\/sup> Holmes had repeatedly tried to delay her incarceration, but her appeals were rejected.[4]<\/a><\/sup> She will serve her sentence at a women\u2019s prison camp located in Bryan, Texas.[3]<\/a><\/sup><\/p>\n

0. <\/span>“Theranos founder Elizabeth Holmes begins 11-year prison sentence” Yahoo Finance, 30 May. 2023, https:\/\/finance.yahoo.com\/news\/theranos-founder-elizabeth-holmes-begins-11-year-prison-sentence-184235361.html<\/a><\/a><\/p>\n

1. <\/span>“Elizabeth Holmes reports to Texas prison, inmates excited” mySA, 30 May. 2023, https:\/\/www.mysanantonio.com\/news\/local\/article\/texas-prison-elizabeth-holmes-18125485.php<\/a><\/a><\/p>\n

2. <\/span>“Theranos founder Elizabeth Holmes begins 11-year prison sentence” New York Daily News, 30 May. 2023, https:\/\/www.nydailynews.com\/news\/national\/ny-elizabeth-holmes-theranos-prison-20230530-pievep6eyvclhbphvjqkdbbiby-story.html<\/a><\/a><\/p>\n

3. <\/span>“\u2018People wanted to believe the fairytale\u2019: the downfall of Elizabeth Holmes” The Guardian US, 30 May. 2023, https:\/\/www.theguardian.com\/us-news\/2023\/may\/30\/elizabeth-holmes-enters-prison-11-year-sentence<\/a><\/a><\/p>\n

4. <\/span>“Theranos founder Elizabeth Holmes turns herself in for 11-year prison term” The Guardian, 30 May. 2023, https:\/\/www.theguardian.com\/technology\/2023\/may\/30\/theranos-elizabeth-holmes-prison-sentence-start<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":3999,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/4000"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=4000"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/4000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/3999"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=4000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=4000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=4000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}