Elizabeth Holmes starts her 11-year prison sentence today. Here’s what to know – Gist It

Elizabeth Holmes starts her 11-year prison sentence today. Here’s what to know

Elizabeth Holmes, the disgraced Theranos founder, begins serving her 11-year prison sentence today for defrauding investors.

Why she’s going to prison: Holmes was convicted of fraud and conspiracy in January 2022 for making false claims to investors about her company’s blood-testing devices.
* She was ordered to pay $452 million in restitution to investors.

Appeal prospects: Holmes can continue to appeal her conviction from prison, but it is highly unusual for the US Supreme Court to intervene in such cases.

Prison time: It’s unclear how long Holmes will be at the Bryan, Texas prison camp, but some inmates are released early for good conduct and participation in prison programs.

Family visits: Holmes’ family, including her two children, will be able to visit her every weekend, and she will be allowed to breastfeed her children in visitation areas.

View original article on NPR

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May 30, 2023

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