


Former Theranos CEO Elizabeth Holmes arrived at a Texas prison on Tuesday to report for her 11-year sentence.
Holmes, 39, was sentenced in November after being convicted in January on four charges of defrauding investors. After her sentence, she is expected to serve three years of supervised release.
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The former CEO will be incarcerated at a minimum-security prison camp in Bryan, Texas, which sits about 100 miles from Houston.
She was supposed to present herself for prison on April 27, but she sought to appeal her prison sentence earlier that month. She was originally ordered to go to prison while appealing her sentence, but then an appeals court judge approved her motion and allowed her to remain free for another month. Holmes lost her appeal on May 17.
U.S. District Judge Edward Davila, who delivered Holmes's sentence and later rejected her appeal, said the evidence showed Holmes was the leader of the company but not necessarily the "leader of the criminal acts," which factored into bringing the maximum sentence of 20 years down to 11 years and three months.
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Davila also ordered Holmes and former Theranos president and investor Ramesh "Sunny" Balwani to pay $452 million in restitution to the victims of the company's scheme. Of that total, $125 million will be paid out to Rupert Murdoch, who invested in the company. Other groups, including Walgreens and Safeway, invested in Theranos as well.
Balwani was convicted in July on 10 counts of wire fraud and two counts of conspiracy to commit wire fraud and sentenced to almost 13 years in prison. His legal team is appealing his conviction.