The Theranos founder reportedly surrendered herself Tuesday morning at minimum-security prison camp Bryan in Texas.
Theranos founder Elizabeth Holmes has reportedly surrendered herself to prison Tuesday, after a dramatic, years-long fall from charismatic, high-flying CEO to just one among hundreds of inmates — U.S. Bureau of Prisons register number 24965-111 — at minimum-security prison camp Bryan in Texas.must serve at least 9 1/2 years of her sentence of more than 11 years.at 10:20 a.m.
“Elizabeth Holmes has arrived in jeans & a light brown top. She seemed to be in good spirits & laughing with the guards,” reporter Meredith Aldis tweeted.A Stanford University dropout who launched the now-defunct Palo Alto blood-testing company in 2003, Holmes had been free on bail since federal authorities hit her with fraud charges in 2018.in U.S. District Court in San Jose in January 2022 after a four-month trial of defrauding investors in her startup.
Holmes, who had adopted the iconic black turtleneck of the legendary technologist and Apple co-founder Steve Jobs, built her company to a valuation as high as $9 billion on the lie that it could conduct a wide variety of tests on just a few drops of blood from a finger-stick. Jurors in her trial heard she deluded investors and business partners with deceitful insinuations about her technology’s battlefield use, and concealed Theranos’ use of other companies’ machines for work hers could not do.
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