Theranos Founder Elizabeth Holmes , Set to Begin Her 11-Year Prison Sentence.<br />On May 30, disgraced Theranos founder<br />Elizabeth Holmes is scheduled to report to prison <br />to begin her sentence of at least 11 years. .<br />NBC reports that Holmes was found guilty <br />of four counts of wire fraud last January.<br />The conviction concluded a story that began in 2003 when <br />Holmes founded the company she promised would diagnose <br />a number of conditions with just a small amount of blood.<br />The conviction concluded a story that began in 2003 when <br />Holmes founded the company she promised would diagnose <br />a number of conditions with just a small amount of blood.<br />Theranos, which was valued at over $9 billion, <br />had a number of high-profile investors that <br />included Rupert Murdoch and the Walton family.<br />Theranos, which was valued at over $9 billion, <br />had a number of high-profile investors that <br />included Rupert Murdoch and the Walton family.<br />NBC reports that the company's board included two <br />former secretaries of state, two former senators <br />and former Defense Secretary James Mattis.<br />NBC reports that the company's board included two <br />former secretaries of state, two former senators <br />and former Defense Secretary James Mattis.<br />In 2018, Holmes and Theranos COO Ramesh "Sunny" Balwani <br />were charged with securities fraud by <br />the Securities and Exchange Commission. .<br />In 2018, Holmes and Theranos COO Ramesh "Sunny" Balwani <br />were charged with securities fraud by <br />the Securities and Exchange Commission. .<br />In June of 2018, both Holmes and Balwani <br />were indicted on federal fraud charges. .<br />In June of 2018, both Holmes and Balwani <br />were indicted on federal fraud charges. .<br />NBC reports that Holmes <br />is now due to report at <br />a minimum-security prison in Texas. .<br />According to a recent New York Times profile on <br />Holmes, she still holds on to her ambitious goal <br />of contributing to the medical technology industry.<br />According to a recent New York Times profile on <br />Holmes, she still holds on to her ambitious goal <br />of contributing to the medical technology industry.<br />I still dream about being able <br />to contribute in that space. <br />I still feel the same calling <br />to it as I always did and <br />I still think the need is there, Elizabeth Holmes, Former Theranos founder, via 'The New York Times'.<br />I still dream about being able <br />to contribute in that space. <br />I still feel the same calling <br />to it as I always did and <br />I still think the need is there, Elizabeth Holmes, Former Theranos founder, via 'The New York Times'
