Elizabeth Holmes photograph

Elizabeth Holmes

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Gender Female
Age 40
Date of birth February 3,1984
Zodiac sign Aquarius
Born Washington
D.C.
United States
Height 169 (cm)
ResidenceLos Altos Hills
California
Parents Christian Holmes IV
Noel Holmes
SpousBilly Evans ​​ (indeterminate marriage status)
ConvictWire fraud ; Conspiracy to commit wire fraud (1 count)
Siblings Christian Holmes V
Children 2
Movies/Shows The Women´s List
Spouse Billy Evans
Awards Glamour Award for The Entrepreneur
Grandparents Christian Rasmus Holmes III
Current partner Billy Evans
Date of Reg.
Date of Upd.
ID412960
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Elizabeth Holmes Life story


Elizabeth Anne Holmes is an American former biotechnology entrepreneur who was convicted of fraud in connection to her blood-testing company, Theranos.

Everyone got duped by Sam Bankman-Fried's big gamble

Everyone got duped by Sam Bankman-Fried's big gamble
Nov 3,2023 10:11 am

... Like Elizabeth Holmes - another Silicon Valley billionaire whose star came crashing down - he was able to convince big name investors to lend the company not only cash, but credibility...

Will Sam Bankman-Fried take the stand to save himself?

Will Sam Bankman-Fried take the stand to save himself?
Oct 16,2023 8:51 pm

... But there are instances when defendants do take the stand, notably Elizabeth Holmes, a once celebrated tech tycoon now serving time in prison for fraud and conspiracy...

Theranos CEO Elizabeth Holmes begins 11-year prison sentence

Theranos CEO Elizabeth Holmes begins 11-year prison sentence
May 30,2023 2:11 pm

...By Bernd Debusmann JrBBC News, WashingtonDisgraced Theranos founder Elizabeth Holmes has reported to the federal prison where she will serve an 11-year sentence...

Elizabeth Holmes is going to prison. Will she ever pay victims too?

Elizabeth Holmes is going to prison. Will she ever pay victims too?
May 29,2023 9:11 pm

...By Madeline HalpertBBC News, New YorkAfter several failed attempts to delay her time behind bars, Theranos founder Elizabeth Holmes is set to report to federal prison this week...

Elizabeth Holmes delays start of prison sentence

Elizabeth Holmes delays start of prison sentence
Apr 26,2023 10:40 pm

...By Holly HonderichBBC News, Washington DCDisgraced Theranos founder Elizabeth Holmes has delayed the start of her more than 11-year prison sentence after lodging another appeal...

The prison mum experience Elizabeth Holmes is desperate to avoid

The prison mum experience Elizabeth Holmes is desperate to avoid
Mar 16,2023 9:50 pm

...By Holly Honderichin WashingtonOn Friday, a US district judge will decide whether Elizabeth Holmes, the disgraced founder of medical testing company Theranos, can delay the start of her prison sentence while she appeals her conviction - in part due to her two young children...

Theranos founder Elizabeth Holmes attempted to flee US, prosecutors claim

Theranos founder Elizabeth Holmes attempted to flee US, prosecutors claim
Jan 20,2023 7:11 pm

...By Madeline HalpertBBC News, New YorkTheranos founder Elizabeth Holmes attempted to flee the US shortly after her conviction on fraud charges last year, prosecutors claim...

Sunny Balwani: Former Theranos executive gets nearly 13 years in prison

Sunny Balwani: Former Theranos executive gets nearly 13 years in prison
Dec 7,2022 6:20 pm

...By Madeline HalpertBBC News, WashingtonRamesh " Sunny" Balwani, the business partner of disgraced Theranos founder Elizabeth Holmes, has been sentenced to nearly 13 years in prison...

Elizabeth Holmes is going to prison. Will she ever pay victims too?

Nov 19,2022 8:20 am

By Madeline HalpertBBC News, New York

After several failed attempts to delay her time behind bars, Theranos founder Elizabeth Holmes is set to report to federal prison This Week .

The disgraced entrepreneur was sentenced to over 11 years in prison and ordered to pay $452m (£365m) with her former business partner Sunny Balwani to dozens of high-profile investors they defrauded through a blood-testing start-up.

It's a sizeable bill for The former billionaire, who has claimed she does not even have enough money to pay her lawyers.

In US Federal Court , convicted offenders are sometimes ordered to pay restitution.

This is a reimbursement to victims for lost income, property damage, medical expenses or other financial costs related to The Crime .

In Holmes ' case, she has been ordered to pay back some of The wealthiest Families In America .

After dropping out of Stanford University , she recruited several famous figures to raise money for Theranos, valued at $9bn at its peak.

Donors included former Secretary of State Henry Kissinger and The Walton Family , known for founding American supermarket chain Walmart.

But after it was revealed her blood-testing technology did not work, many lost a fortune.

Former Secretary of Education Betsy Devos reportedly gave Holmes $100m while The Theranos founder has been ordered to pay back media mogul Rupert Murdoch $125m, according to court documents.

She will not be able to just declare Bankruptcy and shed her debts That way, experts tell The Bbc . But victims of her crimes should not get their hopes up about recouping their cash.

They say restitution in The US has become largely symbolic, meaning Holmes ' investors - and many less wealthy victims of Fraud - are unlikely to get most of The Money they are owed.

" There are very few People - The Bernie Madoffs of The World and Everyone Else - That can pay The full amount of criminal restitution, " says Ryan O'Neill, a former federal prosecutor. " It's sort of a Fake Number . "

Holmes will still be expected to try to pay these People and others she defrauded, she adds. Prosecutors have probably already begun to seize her assets, including money in The Bank and properties. They will compare their own accounts of how much money she has to what she claims she possesses, which could lead to disputes, Ms O'Neill said.

The Theranos founder's debts won't pause when she sets foot behind bars.

A judge has recommended Holmes report to Federal Prison Camp in Bryan, Texas, where all inmates are obligated to work and make between 12 cents and $1. 15 an hour.

Half of The small sum she earns - usually around $25 every four months - will go to her victims, said Randy Zelin, a professor at Cornell Law School.

Once her Time In prison is finished, she will still not be able to purchase any large assets, including a home, without intervention from The federal government. The government can't, however, seize assets owned solely by her husband, hotel heir William Evans .

Holmes has acknowledged her dismal financial fate, telling The New York Times this month she will " have to work for The rest of my life" just to pay millions of dollars in legal fees.

But there are A Number of reasons why her victims and many others are unlikely to get The Money back.

Criminal defendants don't have an incentive to " make it rich" again, said Ms O'Neill. " They know where The Money is going to go. "

Others may attempt to hide assets. University of Michigan Law School professor John Pottow says some try to put money in trusts to avoid asset seizures. " The richer you get, The easier it is to construct legal devices That hide your wealth. "

Experts pointed to The case of conspiracy theorist Alex Jones , who has been ordered to pay nearly $1. 5bn to Families of victims of The Sandy Hook Elementary School Shooting for spreading lies about The Massacre , which they said has led to harassment.

Mr Jones - who has declared both personal and business Bankruptcy - has been accused of funnelling money to friends and family in an attempt to hide his assets.

Ms O'Neill said That although prosecutors will be tracking Mr Jones ' moves, The Sandy Hook Families - who are not as wealthy as The Victims of Holmes - are unlikely to receive much money from The right-wing InfoWars host, whom She Said will be paying most of his funds to his lawyers.

In lower profile cases, The US government does not have The resources or The Time to investigate every defendant's assets, sometimes putting The onus on victims to track their financial moves, Mr Zelin said.

But The headline-making nature of Holmes ' Fraud - as well as her recent financial choices, including living in a $13,000 a month Silicon Valley estate - means former Theranos investors are more likely to keep watch over her and push prosecutors to get them their money back, experts said.

" They're not going to stop looking, " Ms O'Neill said. " She's not going to be able to put a dollar in her bank account… without The government seizing it. "

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Source of news: bbc.com

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