Theranos founder Elizabeth Holmes reports to prison to begin 11-year sentence
Theranos experienced a meteoric rise stemming from claims that its blood-testing equipment could quickly identify diseases using only a few drops of blood.
Theranos founder Elizabeth Holmes reported to prison on Tuesday to begin serving an 11-year sentence.
Formerly a biotech mogul and prodigy, Holmes's star came crashing down over a major scandal involving the firm's blood testing equipment. Holmes was convicted on four counts of wire fraud in 2022. Prosecutors had contended that Holmes knowingly misrepresented the capabilities of the company's equipment.
She will serve her time at a women's prison camp in Bryan, Texas, at the recommendation of the judge who sentenced her, according to the Associated Press.
Holmes has appealed the conviction and had sought to remain out of prison throughout that process, but her bid to escape incarceration met with failure. She insists the original trial was plagued by rampant errors, including it ran afoul of evidentiary rules.
She has previously assumed responsibility for her actions, saying at her November 2022 sentencing that "I stand before you taking responsibility for Theranos... I loved Theranos. It was my life's work ... I regret my failings with every cell of my body."
Theranos experienced a meteoric rise stemming from claims that its blood-testing equipment could quickly identify diseases using only a few drops of blood. Ultimately, a series of reports from the Wall Street Journal exposed the claims as being highly exaggerated, leading to the company's collapse.
Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.