The 39-year-old startup founder could spend more than 11 years inside a prison camp in Texas for defrauding investors in a hoax that became a parable about greed and hubris in Silicon Valley.
Theranos founder Elizabeth Holmes has begun her prison sentence where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.Elizabeth Holmes was sentenced to 135 months prison for defrauding investors in her blood testing startupShe will serve the sentence at a minimum security prison in Texas
As she begins her sentence, Holmes is leaving behind two young children — a son born in July 2021 a few weeks before the start of her trial and a three-month-old daughter who was conceived after a jury convicted her on four felony counts of fraud and conspiracy in January 2022. Together, Holmes and 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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