Elizabeth Holmes—who convinced millions that her blood-testing hoax was really a breakthrough Silicon Valley triumph—was sentenced to 11 years in prison last November for fraudulently misleading investors. Today she moved into her new home: a federal women’s prison camp in Bryan, Texas, according to the Associated Press.
The disgraced founder was portrayed by actress Amanda Seyfried in the acclaimed Hulu miniseries “The Dropout,” gaining additional pop culture fame—or infamy, depending on your point of view.
The minimum-security women’s prison in Bryan is around 100 miles northwest of Houston.
Holmes founded Theranos as a 19-year-old Stanford dropout
Holmes had been free on bail until today, and most recently lived in the San Diego area with her husband, Billy Evans, and her two children, a 2-year-old son and three-month-old daughter, the AP reported.
Holmes founded Theranos in 2003 as a 19-year-old Stanford University dropout, and grew the health tech company with president Sunny Balwani on the promise of a device that could test for a wide array of diseases using small amounts of blood. At its peak in 2014, Theranos had raised more than $700 million from investors and was valued at $10 billion. But in 2015 an investigation by Wall Street Journal reporter John Ionnidis began unraveling the elaborate hoax behind the scheme, ultimately leading to fraud convictions for both Holmes and Balwani.
Balwani was sentenced in 2022 to nearly 13 years in prison for his role in the scheme.
According to the AP, Holmes had an estimated worth of $4.5 billion in 2014 before her company’s crash wiped it to nothing.
Sharing a Texas address with a ‘Real Housewives’ star
But hey—at least she gets to live in Texas now. The AP says she’ll do that in a prison camp that currently houses around 650 women—including “Real Housewives of Salt Lake City” star Jennifer Shah, who’s serving 6 and a half years for her own fraud conviction in a telemarketing scam.
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