img

BREAKING: Theranos founder Elizabeth Holmes arrives to Texas prison to begin 11-year fraud sentence

Holmes will start her day at 6:00 am, eat breakfast at 6:30 am, and then will report to work where she will earn $0.12 to $1.15 per hour.

ADVERTISEMENT

Holmes will start her day at 6:00 am, eat breakfast at 6:30 am, and then will report to work where she will earn $0.12 to $1.15 per hour.

Image
Katie Daviscourt Seattle WA
ADVERTISEMENT
Disgraced biotech mogul Elizabeth Holmes is set to begin her 11-year prison sentence on Tuesday after being convicted of multiple counts of fraud, and the billionaire's life of luxury will look a lot different after she reports to the federal prison camp in Bryan, Texas.

Holmes, 39, the founder and former CEO of the now-defunct medical technology company Theranos, will be serving a 135-month (over 11 years) prison sentence inside a minimum-security, female-only federal prison camp in Bryan, Texas which houses exclusively white-collar offenders that have been convicted of felonies that include wire fraud, securities fraud, banking fraud, insurance fraud, tax fraud, and embezzlement, according to Yahoo.

The defense made a request for Holmes to be free on bail as she appeals her case, which was ultimately denied.  



Holmes will start her day at 6:00 am, eat breakfast at 6:30 am, and then will report to work where she will earn $0.12 to $1.15 per hour each day. She will be clothed in a combination of prison-issued khaki-colored shirts and pants, the outlet reports.

Holmes will not have access to the internet but will be able to utilize a prison-run network to text with friends and family during non-work hours. Phone calls can last no longer than 15 minutes, while video calls with permission can last up to 25 minutes.

Each inmate gets one approved radio or MP3 player and can watch television during non-working hours.

Inmates at FTP Bryan share a dormitory-style room with up to four other inmates in a housing unit that has its own staff which assists inmates with case management, personal and family problems, goals, and release planning, according to Yahoo.

Inmates are responsible for cleaning their assigned dormitory, which includes sweeping, mopping, and taking out the trash. They also must make their beds before reporting to work each day.

Rooms receive daily inspections by prison staff and counselors who then use their inspections to discipline inmates, which includes sending them to the back of the line in the cafeteria if their rooms are untidy, the outlet reports.

Holmes, who is portrayed by Amanda Seyfried in the Hulu series The Dropout, went from being crowned as the youngest and wealthiest self-made female billionaire in America at 31 years old by Forbes to losing it all after deceiving investors.

Now, the former businesswoman will serve a lengthy sentence due to false claims she made about the efficacy of Theranos, her firm's defunct blood-testing technology company, reports CNBC.

Holmes was convicted in the US District Court for the Northern District of California in January 2022 and lost an appeal earlier this month in the Ninth District Court of Appeals.

During the sentencing, a memo filed by prosecutors revealed that Holmes told a Walgreens representative in 2010 that, "They don't put pretty people like me in jail."

While her defense team argued that she should only face a maximum sentence of 18 months, the court found a longer punishment for the woman behind the lies that misled investors to believe that her company had developed a device that could test absurdly small amounts of blood.

Theranos, which was valued at $9 billion at its height, shut down in 2018.
ADVERTISEMENT
ADVERTISEMENT
Sign in to comment

Comments

Powered by The Post Millennial CMS™ Comments

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial

Remind me next month

To find out what personal data we collect and how we use it, please visit our Privacy Policy

ADVERTISEMENT
ADVERTISEMENT
By signing up you agree to our Terms of Use and Privacy Policy
ADVERTISEMENT
© 2024 The Post Millennial, Privacy Policy | Do Not Sell My Personal Information