Elizabeth Holmes

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Elizabeth Holmes
Holmes backstage at TechCrunch Disrupt San Francisco in 2014
Elizabeth Anne Holmes

(1984-02-03) February 3, 1984 (age 40)
EducationStanford University (dropped out)
Years active2003 - 2018
TitleFounder and former CEO of Theranos
Billy Evans (m. 2019)
PartnerRamesh Balwani (2003 - 2016)

Elizabeth Anne Holmes (born February 3, 1984)[1] is an American former businesswoman and convicted fraudster. She was the founder and CEO of Theranos, a now-defunct health technology company.[2][3]

In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America.[4]

After revelations of potential fraud in Theranos' claims, in 2016 Forbes revised its estimate of Holmes' net worth to zero.[5] Fortune named her one of the "World's Most Disappointing Leaders".[6]

Trial[change | change source]

The case of U.S. v. Holmes, et al., began on August 31, 2021.[7] A trial was held in a lower court in the federal court system.

A former manager of Theranos gave testimony (in court) on September 17.[8] She said "that she made Holmes [...] aware of serious failings of" blood-testing machines from Theranos; claims made by the former manager "were backed up [...] by emails [showed to jurors or] displayed for jurors", media said.[8]

Conviction[change | change source]

Holmes was convicted of four counts of fraud and conspiracy in January 2022.[9] She [had] to report to prison on May 30, 2023.[10] She made some appeals that were not successful.[11][12]

The lower court gave her a prison sentence of 11 years 3 months.[10][13]

Holmes showed up at Federal Prison Camp, Bryan, in Texas in May 2023.[14]

In 2023, the Bureau of Prisons web site [gave an indication or] projected that Holmes could be released from prison two years early, after serving 85% of her prison sentence.[15][16]


References[change | change source]

  1. "The rise and fall of Elizabeth Holmes, who started Theranos when she was 19 and became the world's youngest female billionaire before it all came crashing down". Business Insider. Archived from the original on September 5, 2018. Retrieved September 6, 2018.
  2. Levine, Matt (March 14, 2018). "The Blood Unicorn Theranos Was Just a Fairy Tale". Bloomberg View. Archived from the original on March 14, 2018. Retrieved March 14, 2018.
  3. Abelson, Reed (April 24, 2016). "Theranos's Fate Rests With a Founder Who Answers Only to Herself". The New York Times. Archived from the original on June 13, 2018. Retrieved April 30, 2016.
  4. "Forbes Announces Inaugural List Of America's 50 Richest Self-Made Women". Forbes. May 27, 2015. Archived from the original on September 9, 2018. Retrieved September 8, 2018.
  5. Herper, Matthew (June 1, 2016). "From $4.5 Billion To Nothing: Forbes Revises Estimated Net Worth Of Theranos Founder Elizabeth Holmes". Forbes. Archived from the original on December 16, 2019. Retrieved January 6, 2017.
  6. "The World's 19 Most Disappointing Leaders". Fortune. March 30, 2016. Archived from the original on November 23, 2016. Retrieved December 2, 2016.
  7. 7.0 7.1 7.2 "U.S. v. Elizabeth Holmes, et al". www.justice.gov. 2021-06-21. Retrieved 2021-07-29.
  8. 8.0 8.1 https://www.bloomberg.com/news/articles/2021-09-18/ex-theranos-manager-tells-of-unrelenting-pressure-from-holmes. Retrieved 18 August 2021
  9. "Former Theranos CEO Holmes guilty of fraud and conspiracy". AP NEWS. 2022-01-03. Retrieved 2022-01-04.
  10. 10.0 10.1 Descalsota, Marielle (November 23, 2022). "Judge proposes Theranos CEO Elizabeth Holmes serve her 11-year sentence in a 'minimum-security' Texas prison camp". Yahoo! News. Retrieved November 23, 2022.
  11. "Elizabeth Holmes will start 11-year prison sentence on May 30 after losing her bid to remain free". Associated Press. May 17, 2023. Retrieved May 17, 2023.
  12. Liedtke, Michael (May 17, 2023). "Elizabeth Holmes will start 11-year prison sentence on May 30 after losing her bid to remain free". Associated Press. Retrieved May 17, 2023.
  13. https://www.bbc.com/news/world-us-canada-65620371. BBC.com. Retrieved 2023-05-18
  14. Paul, Kari (May 30, 2023). "Theranos founder Elizabeth Holmes turns herself in for 11-year prison term". The Guardian.
  15. Paul, Kari (11 July 2023). "Elizabeth Holmes' 11-year prison sentence shortened by two years". The Guardian. Retrieved 11 July 2023.
  16. "Elizabeth Holmes on track for early release from her 11-year prison sentence for Theranos scam". Associated Press. 11 July 2023.
  17. Erin Griffith (January 3, 2022). "Elizabeth Holmes is found guilty of four counts of fraud". The New York Times. Retrieved January 4, 2022.
  18. 18.0 18.1 Electronic Case File Entry No. 756, login required

Other websites[change | change source]