Elizabeth Holmes will be held in a minimum security women’s camp in Bryan, Texas.
Former Theranos CEO Elizabeth Holmes, who was convicted of fraud, was sent to a prison in Texas for 11 years, reports CBS News.
Holmes was accused of defrauding and defrauding investors of hundreds of millions of dollars and lying about his biotech company’s blood-testing technology.
Holmes, 39, is being held at a women’s minimum security camp in Bryan, Texas.
He is survived by an almost two-year-old son, born a few weeks before the trial began, and a three-month-old daughter, conceived after his sentencing in November 2022.
FPC Bryan covers about 37 acres and houses about 700 women, including The Real Housewives of Salt Lake City star Jennifer Shah, who was sentenced to six and a half years earlier this year for fraud to thousands of people in the telemarketing era.
It is not known if Holmes will serve his full term in Brian’s prison, and it is possible that he will leave the camp before the parole program. Federal prisoners can reduce their sentences by participating in certain prison programs or being rewarded for good behavior, according to the Department of Justice.
It was previously reported that Elizabeth Holmes was sentenced to 11 years in prison. The woman has been deceiving investors for years, claiming that her development is capable of performing multiple blood tests from a few drops.
By the way, Holmes ranked sixth in the ranking of the most famous women of 2015.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.