Bay Area/ San Francisco/ Crime & Emergencies
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Published on May 30, 2023
Elizabeth Holmes to Begin Prison Sentence Lasting Over a Decade in Texas Today

Elizabeth Holmes is set to report to federal prison in Bryan, Texas, after exhausting all possible delays. The former Theranos CEO was convicted on four counts of fraud and sentenced to serve 11 years and four months. Holmes is now required to spend at least 85 percent of her sentence, around nine years, behind bars. A federal judge has also ordered her and co-conspirator Ramesh "Sunny" Balwani to pay $452 million in restitution to defrauded investors. The all-female prison camp in Bryan, Texas, where Holmes will be held, is restrictive and regimented, with inmates required to work either in the cafeteria or in a manufacturing facility. Continue reading on SFist →

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