Elizabeth Holmes, Theranos Founder, Set to Report to Texas Prison

Elizabeth Holmes, the founder of Theranos, is set to begin her federal jail sentence this week following multiple unsuccessful attempts to delay her punishment, according to BBC.

Holmes and her former business partner Sunny Balwani were found guilty of defrauding numerous high-profile investors through their blood-testing start-up. The disgraced businesswoman received a prison sentence of over 11 years and was also ordered to pay $452 million in restitution.

Facing financial constraints, Holmes has claimed an inability to cover her legal fees, which amount to a substantial sum. In the United States federal court system, convicted individuals may be required to make restitution payments, compensating victims for the financial losses resulting from their criminal activities.

Several affluent families in the United States have sought repayment from Holmes, as they were among those who suffered substantial financial losses.

Notable contributors to her now-defunct start-up, Theranos, included Henry Kissinger, the former secretary of state, and the Walton family, founders of the retail giant Walmart.

Holmes, who dropped out of Stanford University, attracted significant investments by enlisting the support of numerous celebrities to endorse her venture.

At its peak, Theranos was valued at $9 billion. However, discovering the company's ineffective blood-testing equipment has led to substantial financial losses for many investors.

Elizabeth Holmes Bids Goodbye to Her Luxurious Life

Elizabeth Holmes, the disgraced entrepreneur and founder of Theranos, is on the verge of commencing an 11-year prison sentence, bidding farewell to her lavish estate and embracing the stark reality of confinement.

During her trial, it was revealed that Holmes resided in a sprawling 74-acre estate in Woodside, one of Silicon Valley's most affluent enclaves, Insider noted.

The entire estate was listed for sale at an impressive price tag of $135 million in September 2021. However, it remains to be seen whether this property, brought up as part of the prosecution's case against her on appeal, was indeed her actual residence.

A sketch based on accounts from individuals who have served time at the Bryan prison, providing an approximation of the size of Holmes' future cell, suggests that her new living quarters are likely comparable to a lavatory in her former opulent $13,000-per-month home. Notably, the cells at Bryan lack doors, potentially indicating that Holmes may have to share her confined space with two other inmates.

According to the inmate handbook, Holmes will be roused from sleep each day at 6 am, tasked with making her bed, scrubbing the floors of her cell, and handling trash disposal. Failure to comply with these responsibilities may result in disciplinary measures.

Officers will conduct regular checks at least five times a day to ensure detainees' presence. Holmes will have limited freedom of movement within the jail facility, with her schedule closely monitored.

Additionally, her access to technology will be severely restricted. While she may be permitted an MP3 player, a radio, or a watch, she will not have simultaneous access to all three.

Inmates and Prison Guards at Texas Prison Are Excited to Meet Elizabeth Holmes

As Elizabeth Holmes prepares to commence her 11-year sentence at a Texas prison, rumors abound within the all-female facility, and some inmates are expressing a desire to befriend the infamous Theranos founder, Fox News reports.

Tasha Wade, a current prisoner at the Bryan prison, revealed considerable intrigue surrounding Holmes among the inmate population. Wade shared that some individuals have expressed interest in befriending Holmes, with comments such as "I want to be her friend."

In addition, some inmates express astonishment that Holmes received what they perceive as a relatively lenient sentence considering the magnitude of the funds involved in her case.

Furthermore, even the prison guards are aware of Holmes' impending arrival. One guard reportedly made a lighthearted comment, expressing anticipation at the prospect of assigning Holmes the task of cleaning pans, indicating a level of awareness and familiarity with her high-profile status.

The Federal Prison Camp in Bryan houses 655 inmates and is approximately 100 miles northwest of Houston.

The inmate population primarily consists of individuals convicted of white-collar crimes, offenses related to the harboring of illegal immigrants, or drug-related offenses.

The facility has housed other notable figures, including Jen Shah from "Real Housewives of Salt Lake City" and Michelle Janavs, heiress to the Hot Pockets fortune.

This article is owned by Latin Post.

Written by: Bert Hoover

WATCH: Elizabeth Holmes to begin life behind bars - From Good Morning America