Holmes Surrenders For A 11-year Jail Term

Elizabeth Holmes, the founder of Theranos, has gone to jail for 11 years. She turned herself in on Tuesday at a women's prison in Texas. Holmes was out on bail since 2018, when she was indicted for fraud. She was found guilty in November 2022 and sentenced to 11 years and three months in prison. Her fraud case has been watched closely by Silicon Valley.

Elizabeth Holmes, founder of Theranos, has surrendered herself for an 11-year jail sentence. She was held accountable for fraud charges in relation to the blood testing and analysis technology developed by her company. Holmes promised to perform accurate blood tests using a single drop of blood, however, the tests were inaccurate and could not fulfil their claims. A jury found her guilty of nine counts of financial fraud. Holmes will now pay for her illegal activities.

The court decided that Elizabeth Holmes must go to prison while she appeals her sentence.