Home Economy In a Texas prison, Elizabeth Holmes, founder of Theranos

In a Texas prison, Elizabeth Holmes, founder of Theranos

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In a Texas prison, Elizabeth Holmes, founder of Theranos

In Bryan Jail Texas, where she will serve an 11-year sentence for Theranos fraud, Elizabeth Holmes is expected to be found today. Her life behind bars will be very different from what she was used to as the founder of a startup that has become worth billions.

However, her future cellmates already know who she is. Even if they hadn’t seen her on the cover of Forbes, which featured her photo, they could have read the book “Bad Blood” about the Theranos scam, which, according to the Wall Street Journal, is on the shelves of the prison library. Holmes claimed that Theranos had developed innovative technology that made it easy and cheap to perform a series of medical tests with just a drop of blood. But her technology turned out to be non-existent, resulting in her being sued for defrauding Theranos patients and investors. He is now ordered to serve 135 months in prison and pay $452 million in damages he is believed to be unable to pay.

He will serve an 11-year sentence for defrauding investors and patients.

Bryan Jail is a low-security correctional facility for women only. It houses up to 720 female prisoners, mostly serving sentences for white-collar crimes, drugs and illegal immigration. Prison tradition requires that new inmates spend their first 90 days in the kitchen. There they are paid 12 cents an hour for what is considered the hardest work in this prison. Female prisoners live in bunk cells without doors.

Holmes will be able to receive visits from her husband and their two children every weekend and holiday, and the prison has a playground and outdoor areas for such meetings.

Author: newsroom

Source: Kathimerini

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