As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
She is expected to be incarcerated in Bryan, Texas, about 100 miles northwest of her hometown of Houston. The prison was recommended by the judge who sentenced Holmes, but authorities have not publicly disclosed where she will be held.
Before those lies were uncovered in a series of explosive articles in The Wall Street Journal beginning in October 2015, Holmes raised nearly $1 billion from a list of savvy investors including Oracle co-founder Larry Ellison and media mogul Rupert Murdoch. It was the duping of those investors that led to her prison sentence and a $452 million restitution bill.
Holmes also signed off on surveillance aimed at intimidating Theranos employees who helped uncover the flaws with the blood-testing technology. The whistleblowers included Tyler Shultz, the grandson of former Secretary of State George Shultz, whom Holmes befriended and persuaded to join the Theranos board.
Holmes' supporters still contend she always had good intentions and was unfairly scapegoated by the Justice Department. They insist she simply deployed the same over-the-top promotion tactics as many other tech executives, including Elon Musk, who has repeatedly made misleading statements about the capabilities of Tesla's self-driving cars.
On one memorable day, Holmes recounted how she had never gotten over the trauma of being raped while enrolled at Stanford University. She then described being subjected to a long-running pattern of emotional and sexual abuse by her former lover and Theranos conspirator, Ramesh “Sunny” Balwani, and suggested his stifling control blurred her thinking.
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As Elizabeth Holmes heads to prison for fraud, questions remain about her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase
Read more »
As Elizabeth Holmes heads to prison for fraud, questions remain about her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year sentence represents a comeuppance for the wide-eyed woman who broke through “tech bro” culture to become one of Silicon Valley’s most celebrated entrepreneurs, only to be exposed as a fraud. Along the way, Holmes became a symbol of the shameless hyperbole that often saturates startup culture. But questions still linger about her true intentions — so many that even the federal judge who presided over her trial seemed mystified. And Holmes’ defenders continue to ask whether the punishment fits the crime.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year sentence represents a comeuppance for the wide-eyed woman who broke through “tech bro” culture to become one of Silicon Valley’s most celebrated entrepreneurs, only to be exposed as a fraud. Along the way, Holmes became a symbol of the shameless hyperbole that often saturates startup culture.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesQuestions still linger about her true intentions -- so many that even the federal judge who presided over her trial seemed mystified. And Holmes' defenders continue to ask whether the punishment fits the crime.
Read more »