Elizabeth Holmes Theranos To Begin Serving Her Sentence In July 2023

Elizabeth Holmes is going to prison. She was sentenced to 11 years in prison on November 18, 2022, after being found guilty of four counts of wire fraud and one count of conspiracy to commit wire fraud. She was also ordered to pay $452 million in restitution to her victims. Holmes has filed an appeal, but she is expected to begin serving her sentence in July 2023.

Holmes was the founder and CEO of Theranos, a blood-testing company that promised to revolutionize the way blood tests were performed. However, it was later revealed that Theranos' technology was not as accurate as Holmes had claimed, and that the company had misled investors and patients. Holmes was charged with fraud in 2018, and her trial lasted for seven weeks in 2022.

Holmes' conviction is a major victory for the government, and it sends a message that those who commit fraud will be held accountable. It is also a cautionary tale for entrepreneurs who are tempted to exaggerate their claims in order to raise money or attract customers.