Former Silicon Valley biotech businesswoman, Elizabeth Holmes, reported to a prison in Texas early Tuesday to begin her 11-year prison term.
Holmes will be serving her sentence in a federal women’s minimum security prison in Bryan, Texas. The prison is located just 95 miles northwest of Houston, where she grew up. She was living out on bail in San Diego until she was due to report to the prison.
The disgraced entrepreneur was convicted of four counts of fraud and conspiracy last January in relation to Theranos, a blood-testing company Holmes co-founded with her former partner Ramesh “Sunny” Balwani. Balwani was sentenced to 13 years in prison last December.
Holmes was charged with fraud and conspiracy due to the false claims she and Balwani made to the people who invested in Theranos. The company claimed to be creating blood-testing devices that could detect hundreds of diseases with a fraction of the amount of blood normally required. She was ordered to pay $452 million in restitution to investors on top of her prison sentence.
Her two young children will be allowed to see their mother while she is in prison, however, the prison does have strict rules when it comes to visitation.
"A brief kiss, embrace and/or handshake are allowed only upon arrival and departure," according to the Bureau of Prison rules for the facility.
Despite being previously denied, Holmes has not exhausted all of her options when it comes to the appeals process and could continue to fight her conviction. It is possible for Holmes to get released from prison early. The 39-year-old could have her sentence reduced if she participates in certain programs such as training dogs or working in the kitchen or if she demonstrates good behavior by getting along with fellow inmates and correctional officers.
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