Theranos CEO Elizabeth Holmes Begins 11-Year Prison Sentence

Disgraced Theranos founder Elizabeth Holmes has begun her 11-year prison sentence after being convicted of four counts of fraud. The BBC reports: She will serve her term in a minimum-security prison in Texas. Holmes reported to the federal facility in Bryan, Texas, which holds between 500 and 700 inmates at any given time, on Tuesday. It is about 100 miles (160km) north of Houston, her hometown. Her arrival at the facility was confirmed by the Federal Bureau of Prisons, which declined to give any more details about her confinement, citing privacy concerns.

There, the woman once billed as the world’s youngest self-made billionaire might work alongside other inmates for between 12 cents (10p) and $1.15 (93p) an hour – much of which will go towards her court-mandated restitution payments. […] The Texas prison camp where Holmes will serve time is a sprawling 37-acre facility. Most inmates there have been convicted of non-violent crimes, low-level drug dealing or white-collar offenses. According to the facility’s handbook, life largely revolves around work and extracurricular activities that include foreign language, computer literacy or business courses.

Holmes had fought to stay out of prison while her legal appeal works its way through the courts. She argued a delay would allow her to raise “substantial questions” about the case that could warrant a new trial. Her defense team also argued that she should remain free to care for her children, one who is nearly two and the other three months old. The Wall Street Journal reported the prison has facilities where inmates can host gatherings and where children can play. Holmes and other mothers are allowed to hold their children in their lap and breastfeed their infants, according to official Bureau of Prison guidelines.

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Source: Slashdot – Theranos CEO Elizabeth Holmes Begins 11-Year Prison Sentence