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Theranos Founder Elizabeth Holmes Is Expected to Enter Prison Tuesday

Posted on AllSides May 29th, 2023
From The Center

Theranos founder Elizabeth Holmes is expected to report to prison on Tuesday to start her 11-year sentence for defrauding investors, marking a closing chapter in the downfall of one of Silicon Valley’s most prominent entrepreneurs after revelations about the company’s unreliable blood-testing technology. Since The Wall Street Journal began publishing its findings about Theranos in 2015, Holmes has been convicted of wire fraud and conspiracy to commit wire fraud in federal court and settled separate civil securities-fraud charges brought by the Securities and Exchange Commission. As part of the settlement,...

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