Founder of Theranos, Elizabeth Holmes was sentenced in November to serve 135 months in jail for defrauding Silicon Valley investors with fake technology|Defense Visual Information Distribution Service (Glenn Fawcett)|Public domain
A women’s prison camp located in Bryan, Texas, will have a new inmate starting Tuesday, Elizabeth Holmes of the now defunct health tech startup Theranos.
Holmes was sentenced in November to serve 135 months in jail for defrauding Silicon Valley investors of nearly $1 billion with fake technology. Her ex-boyfriend and Theranos COO, Ramesh “Sunny” Balwani is serving a 13-year sentence in Southern California prison.
Some of the high-profile investors in Theranos were Walmart’s Walton family, media mogul Rupert Murdoch, former Secretary of Education Betsy DeVos, Oracle’s Larry Ellison and more.
A few of Theranos’ board members include former Presidential cabinet members George Shultz, Henry Kissinger and James Mattis.
Holmes is leaving behind a 2-year-old son and 3-month-old daughter with their father, William “Billy” Evans in San Diego.