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Holmes appeared visibly pregnant with her second child just before her November sentencing.
On November 18, 2022, a judge told Holmes she was sentenced to 11 years and three months in prison, and she may spend her time at a minimum-security prison camp in Texas.
On November 7, 2022, a judge denied Theranos founder Elizabeth Holmes' request for a new trial after was found guilty of wire fraud and conspiring to commit wire fraud back in January, according to The New York Times. Now, the health tech startup founder has been sentenced to 11 years and three months in prison, as of her sentencing on Nov. 18, 2022. She initially was said to face up to 20 years. Elizabeth will then have three years of supervised release, according to NBC Bay Area.
Court filings say she's also now pregnant with her second child, and she showed up visibly pregnant to her final sentencing, according to The New York Times. Since she is surrendering at a later date, it's unclear if she will head to prison after the baby is born in a few months.
And more information about her life right now has come to light thanks to further court filings. One filing shows that Holmes bought a one-way ticket to Mexico with her husband in January of 2022, according to BBC, which the prosecution called an “attempt to flee the country.” However, an email from her attorneys, included in the filing, claims Holmes booked the ticket ahead of her verdict to attend a friend's wedding, per CNN.
Now that Holmes' has been sentenced to prison, everyone is wondering what she's been up to and what's in store for her. Here’s everything to know:
Who is Elizabeth Holmes?
Elizabeth Holmes is the founder and former CEO of Theranos. Holmes enrolled at Stanford University before she dropped out during her sophomore year at just 19 to focus on building and launching her company.
According to Business Insider, she told relatives that she was determined to be a billionaire when she grew up. (Spoiler alert: She achieved her goal for a hot second.) In 2015, Forbes named her the world's youngest self-made billionaire. But as questions of fraud began popping up around her company, Forbes later revised her estimated net worth, putting it at almost zero.
What was Theranos?
Theranos was a health technology startup company that aimed to make blood testing more efficient. It claimed to be able to run over 200 medical tests on a single drop of blood using a machine that Holmes called the Edison device, according to ABC News.
The idea was that people in need of a blood test would simply prick their fingers to get results that would normally require a much larger blood sample. The company made big claims about how well it worked, which helped bring in lots of big name investors, including Google co-founder Larry Ellison (per Good To Know), health care investor Brian Grossman, and former U.S. Education Secretary Betsy DeVos, all of whom poured money into Holmes' business—to the tune of $945 million, according to Yahoo.
Why did Elizabeth Holmes go on trial?
The success of her company didn’t last long. The device did not function the way Holmes claimed it did. And, it hadn’t been endorsed by big companies such as Pfizer, despite the company's claims to the contrary.
By 2013, Theranos was worth $10 billion and had partnered with Walgreens to launch in-store blood collection centers. The company was also working with Cleveland Clinic, Capital BlueCross, and AmeriHealth Caritas, Entertainment Tonight.
As a result, Holmes was charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. On January 3, 2022, after at least four delayed court dates throughout 2021, she was found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud, per Insider
Will Elizabeth Holmes go to jail?
Yes, Holmes is going to prison after the judge at her sentencing hearing ordered she serve 11 years and three months in prison on November 18, 2022, NBC reported. However, each fraud count carried a maximum sentence of 20 years in prison.
Holmes is expected to file an appeal after the sentencing. She has to surrender herself to law enforcement by April 27, 2023, at which time she will head to prison, per Business Insider.
Where is she serving her prison time?
The answer isn't totally clear yet, but court filings show a judge proposed she spend her time at a minimum-security federal prison camp in Bryan, Texas, according to Business Insider. The decision, though, will ultimately be made by the US Bureau of Prisons.
The prison is only for female inmates, and since it's a prison camp, this means it is "work- and program-oriented" and Holmes would likely be live in a dorm.
Is Elizabeth Holmes pregnant again?
Yes, Holmes has a second child on the way. In court last month, she appeared visibly pregnant, and wore the same outfit she wore to court while pregnant with her first son, William, who was born in July of 2021. Then, on November 17, The New York Times reported that court fillings said she was, in fact, pregnant again.
Holmes had her first child with her husband William "Billy" Evans in 2021.
Where is she now?
Before her sentencing, Holmes was living free on bond and living in her $135 million Silicon Valley estate, per CNBC. She got married to William "Billy" Evans, an heir to the Evans Hotel Group, in 2019, and the couple have a baby boy together.
Right now, court filings say she's paying around $13,000 a month to live on an estate while she's waiting for her appeal to be heard, per BBC.
Holmes will likely give birth to her baby and then has to surrender herself to authorities by late April of 2023. Holmes did, however, appeal the conviction.
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