BRYAN, Texas — Disgraced Theranos CEO Elizabeth Holmes has reported to a federal jail in Texas — marking the start of her 11-year sentence for supervising a well-known blood screening scam.
Holmes, 39, was foundedguilty of scams last year for deceiving financiers who contributed hundreds of millions of dollars in the stoppedworking Silicon Valley start-up.
Holmes and Ramesh “Sunny” Balwani, Holmes’ previous partner and fellow executive who is presently serving a almost 13-year jail sentence, stated Theranos had established a gadget that might rapidly scan for illness and other medical conditions with a simply coupleof drops of blood. But the innovation neverever worked as promoted — leading to the meteoric failure of a business that once assured to transform health care.
On Tuesday, Holmes wentinto a federal females’s jail camp in Bryan, Texas — a minimum-security center where the federal judge who sentenced Holmes in November suggested she be putbehindbars.
Here are some things to understand about Federal Prison Camp Bryan and Holmes’ arrival at the center.
WHY IS HOLMES BEING INCARCERATED IN BRYAN NOW?
Holmes reported to FPC Bryan on Tuesday, the Federal Bureau of Prisons verified. The arrival comes more than a year after a jury foundedguilty Holmes on 4 felony counts of scams and conspiracy in January2022 She was sentenced to 11 years in November.
Holmes had initially been bought to start her jail sentence on April 27, however won a reprieve with a last-minute legal male