The day has arrived for Elizabeth Holmes to report to a Texas prison
The Hindu
Disgraced Theranos CEO Elizabeth Holmes is scheduled to move to her new home — a federal prison — where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.
Disgraced Theranos CEO Elizabeth Holmes is scheduled to move to her new home — a federal prison — where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.
The federal judge who sentenced Ms. Holmes, 39, in November recommended that she be incarcerated in a women's prison camp located in Bryan, Texas, located about 100 miles from Houston, where she grew up aspiring to become a technology visionary along the lines of Apple co-founder Steve Jobs.
Explained | Why was former Theranos CEO Elizabeth Holmes given 11 years in prison?
Once she enters prison, Ms. Holmes will be leaving behind two young children — a son born in July 2021 a few weeks before the start of her trial and a 3-month old daughter who was conceived after a jury convicted her on four felony counts of fraud and conspiracy in January 2022.
Ms. Holmes has been free on bail since then, most recently living in the San Diego area with the children's father, William “Billy” Evans. The couple met in 2017 around the same time Ms. Holmes was under investigation for the collapse of Theranos, a startup she founded after dropping out of Stanford University when she was just 19.
While she was building up Theranos, Ms. Holmes grew closer to Ramesh, “Sunny” Balwani, who would become her romantic partner as well as an investor and fellow executive in the Palo Alto, California, company.
Together, Ms. Holmes and Mr. Balwani promised Theranos would revolutionise health care with a technology that could quickly scan for diseases and other problems with a few drops of blood taken with a finger prick.
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