Elizabeth Holmes Surrenders For 11-year Sentence - Video

Elizabeth Holmes, founder of Theranos, surrendered for an 11-year prison sentence. Her fraud case was long and famous in Silicon Valley. At the age of 39, she entered a minimum-security federal women's prison camp in Bryan, Texas. Holmes was indicted on fraud charges in 2018 and had been out on bail. In November 2022, she was convicted of defrauding investors and received an 11-year and three-month prison sentence.

Elizabeth Holmes, the creator of Theranos, gave herself up. She will serve an 11-year jail sentence. Her sentence relates to fraud charges. Theranos had previously promised blood tests that were innovative and accurate. However, the claims were false. Customers had been misled. Theranos had once been valued at $9 billion. The company shut down in 2018.

A court ordered that Elizabeth Holmes, the founder of Theranos, must go to jail while she challenges her sentence.