BRYAN, Texas – Elizabeth Holmes was booked into the Federal Prison Camp in Bryan, Texas on Tuesday after being convicted of wire fraud, NBC News reported.
The prison is miles away from Houston, where she spent her early life and her aspirations grew.
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Holmes, 39, was the Chief Executive Officer of the company Theranos, which stated it created a groundbreaking medical device that could identify diseases by only using a few drops of a person’s blood. She was sentenced to more than 11 years in prison for defrauding investors.
Holmes was convicted by a jury in January on three counts of wire fraud, one count of conspiracy to commit fraud, and was ordered to pay $452 million in restitution, according to the Associated Press.
Holmes was acquitted on four additional counts of fraud and conspiracy. These charges were initially made because she allegedly misled patients hoping to use Theranos’ services.
She is surrendering after a federal appeals court denied Holmes’ request to remain out of prison while she tried to overturn her conviction. Holmes will leave behind her 1-year-old son and a 3-month-old daughter.
Before she was sentenced, Holmes had appeared on the cover of business magazines and said to be the next Steve Jobs.
Several high profile leaders invested in Theranos such as Rupert Murdoch, The Walton family, who owns Walmart, and former Education Secretary Betsy Devos. Two former secretaries of state and United States Senators were also on the company’s board, wrote NBC News.
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