Home WebMail Friday, November 1, 2024, 04:39 AM | Calgary | -3.2°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Posted: 2023-05-30T17:41:47Z | Updated: 2023-05-30T19:09:51Z

Elizabeth Holmes reported to a federal prison in Bryan, Texas, on Tuesday to begin her 11-year sentence for defrauding investors of millions of dollars in her blood-testing device startup Theranos, the AP has confirmed.

Holmes, 39, was found guilty in January 2022 and was sentenced in November to 135 months in federal prison on four counts of investor fraud and conspiracy. She was ordered to surrender to federal custody on April 27, but it was delayed while the court ruled on her appeal . Holmes was first indicted in 2018 , but her trial saw numerous delays due to the COVID pandemic and her first pregnancy.

Since her arrest, Holmes has had two children with her partner William Billy Evans William, almost 2, and 4-month-old Invicta, with whom she was visibly pregnant during her sentencing hearing.