According to media sources, Elizabeth Holmes, born in 1984, is a famous American businessman who served as the CEO of Theranos, which was established in 2003.
This businesswoman has attracted the attention of the public and the media with her vision, and creativity.
Holmes has created a compact, portable blood testing device that can perform hundreds of tests from a small blood sample. She claims the technology could revolutionize the medical industry and save millions of lives.
However, after a series of scandals and investigations, the truth came out. Theranos and Elizabeth Holmes were exposed. Holmes has been accused of displaying misinformation about the company's technology and failing to adhere to medical standards.
Theranos has caused huge financial losses to investors and partners. The company claimed to be worth about $9 billion in 2014, based on information from investigations and lawsuits. Since then, Theranos' net worth has plummeted.
Last January, Holmes was found guilty of four counts of fraud and conspiracy to commit fraud. She and ex-boyfriend Ramesh "Sunny" Balwani were ordered to pay $452 million to victims of Theranos-related scams.
Now Elizabeth Holmes wakes up at 6 a.m. to work a job that pays $0.12 an hour and shares a bathroom at a South Texas POW camp.
Holmes began serving her sentence on May 30 at a federal prison in Bryan, Texas, as reported by People magazine. Her request for bail pending appeal was dismissed by the Court of Appeal in early May.
Bryan Prison, the federal penitentiary where Elizabeth Holmes is being held, has a minimum security capacity of over 600 female inmates
Bryan is also the place where the famous actress Jennifer Shah served time for her involvement in a telemarketing scam.
Some other prison rules include:
1. Get up at 6 am.
2. Inmates are responsible for basic housekeeping (sweeping, mopping, and emptying) of the room.
3. Prisoners may “possess approved radios or MP3 players and watches.”
4. Prisoners may wear a minimum of jewelry worth no more than $100—"a simple wedding ring and an appropriate religious medal and necklace, with no precious stones."
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