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Elizabeth Holmes Reports to Prison to Start 11-Year Sentence for Defrauding Theranos Investors

HeadlineMay 31, 2023

Disgraced Theranos founder Elizabeth Holmes reported to a federal prison in Texas Tuesday to begin her 11-year sentence after she was convicted of defrauding investors in her blood testing company. Holmes was declared the world’s youngest self-made woman billionaire by Forbes in 2014 after securing hefty investments by falsely claiming Theranos machines could run a wide range of diagnostic tests from a few drops of blood. Holmes has appealed her case but will remain in prison during legal proceedings.

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