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Fox Business
Fox Business
30 May 2023


Elizabeth Holmes, the disgraced founder of Theranos a blood testing start-up, reported to a Federal prison Tuesday after being sentenced to 11.25 years for wire fraud connected with defrauding investors out of millions. 

The Federal Prison Camp in Bryan, Texas will be her home after nearly two years of trials and appeals during which Holmes had two children and unsuccessfully requested her entire sentence be commuted to house arrest. 

FOX Business takes a look at the downfall of the woman once known as the darling of the biotech start-up world. 

Holmes arrived at Federal Prison Camp in Bryan, Texas, a low-level security facility roughly 100 miles from Houston, where the former biotech wunderkind grew up

Theranos CEO Elizabeth Holmes reports to prison
Former head of Theranos, Elizabeth Holmes heads to prison in jeans and a sweater
Former head of Theranos, Elizabeth Holmes heads to prison in jeans and a sweater
Former head of Theranos, Elizabeth Holmes heads to prison in jeans and a sweater
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Disgraced Theranos CEO Elizabeth Holmes, center, is escorted by prison officials into a federal women’s prison camp on Tuesday, May 30, 2023, in Bryan, Texas. Holmes will spend the next 11 years serving her sentence for overseeing an infamous blood-testing hoax.   (AP Photo/Michael Wyke) | AP Newsroom

Elizabeth Holmes husband was by her side throughout the trial, and she gave birth to two children throughout the legal process. 

Holmes husband Billy Evans was by her side throughout the trial, and she gave birth to two children throughout the legal process 

elizabeth holmes billy evans

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her father Christian Holmes (L) and partner Billy Evans (R) on October 17, 2022 in San Jose, California. Holmes appeared in federal court related to an attempt to overturn her fra (Photo by Justin Sullivan/Getty Images / Getty Images)

Holmes was sentenced to 11.25 years in prison for committing wire fraud after allegedly lying to investors over Theranos' efficacy

elizabeth holmes sentencing

Courtroom drawing of Elizabeth Holmes during her sentencing hearing, November 18, 2022. ((Vicki Behringer 11/18/22) / Getty Images)

Elizabeth Holmes, with the support of her parents and husband, tried for months to appeal her sentence to house arrest, but ultimately lost her bid 

Elizabeth Holmes and family members arrive at court

Elizabeth Holmes, founder of Theranos Inc., second right, arrives at federal court with her partner Billy Evans, right, and her parents Christian Holmes IV and Noel Holmes, left, in San Jose, California, US, on Friday, March 17, 2023. Holmes made her (Photographer: Benjamin Fanjoy/Bloomberg via Getty Images / Getty Images)

Actress Amanda Seyfried, who won an Emmy for her portrayal of Holmes in "The Dropout," recently said in an interview on "Good Morning America" that "life’s not fair, but in a lot of ways, it’s … fair for [Holmes] in particular."

Split screen of Amanda Seyfried and Elizabeth Holmes
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Amanda Seyfried played Elizabeth Holmes in the miniseries "The Dropout," winning an Emmy for her performance as the disgraced founder of Theranos | Getty Images

Holmes signature looks before her downfall mirrored a similar fashion, a simple black turtle neck made famous by Apple founder Steve Jobs 

Founder & CEO of Theranos Elizabeth Holmes attends Forbes Under 30 Summit at Pennsylvania Convention Center on October 5, 2015 in Philadelphia, Pennsylvania. (Photo by Gilbert Carrasquillo/Getty Images) (Gilbert Carrasquillo/Getty Images / Getty Images)

The WSJ exposed Theranos in late 2015 as a potential fraud with reporter John Carreyrou turning his uncovering into the book: Bad Blood: Secrets and Lies in a Silicon Valley Startup. 

It also detailed how Holmes founded the company when she was 19 and allegedly said her technology could conduct blood tests using a much smaller amount of blood than was traditionally required. She was able to attract millions of investments from high profile backers. 

At it's peek Elizabeth Holmes' stake in the company valued her at more than $4.5 billion.