Texas: Elizabeth Holmes Won't Have 'Easy Time' in Prison, Warns Expert
Elizabeth Holmes, the former CEO of the now-defunct Theranos, surrendered herself to the Federal Prison Camp in Bryan, Texas, Tuesday, beginning her 11-year sentence for multiple counts of fraud perpetrated against investors, per CNN.
Despite her appeal for bail pending the outcome of her appeal, an appellate court recently denied her request, leading to her incarceration.
At the prison camp located in southern Texas, Holmes will now be subjected to a strict daily routine, starting with waking up at 6 am.
She will be required to work for meager wages, potentially earning as little as $0.12 per hour, and will have to use shared shower facilities.
FPC Bryan, housing over 600 female inmates, is approximately 100 miles west of Houston, Holmes' hometown.
The facility has garnered attention for housing Holmes and accommodating another individual of reality TV fame, Jennifer Shah from Bravo's "Real Housewives of Salt Lake City," who is currently serving time for her involvement in a telemarketing fraud scheme.
Described by the Federal Bureau of Prisons as a minimum-security institution with dormitory-style living arrangements and a low staff-to-inmate ratio, federal prison camps like FPC Bryan are known for their lack of perimeter fences and more lenient security measures.
Commonly referred to as "Camp Fed," these facilities offer relatively calm conditions compared to higher-security prisons.
However, Holmes should not expect an easy time behind bars. Despite the relatively relaxed environment, life inside prison will present challenges for the disgraced businesswoman, according to Mark MacDougall, a seasoned white-collar defense attorney and former federal prosecutor.
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Elizabeth Holmes Kisses Her Luxurious Life Goodbye
Theranos founder Elizabeth Holmes has began her 11-year prison sentence in Texas, saying goodbye to her opulent estate and welcoming the harsh reality of imprisonment.
Holmes used to live in a 74-acre estate in Woodside, one of Silicon Valley's most opulent enclaves, which was revealed during her trial.
But the entire estate was put up for sale for a staggering $135 million in September 2021. This property was part of the prosecution's case against her on appeal, although it has yet to be determined if it was indeed her place of residence.
Elizabeth Holmes's prison cell in Texas is probably like a bathroom in her old extravagant $13,000/month home, as depicted in a sketch based on tales from individuals who have served at the Bryan prison. Notably, Holmes may have to share her little cell with two other inmates because none of the units at Bryan has doors.
The inmate manual states that Holmes is responsible for making her bed, cleaning the floors of her cell, and taking out the trash. Discipline may be taken for non-compliance with these obligations.
Moreover, officers will check on detainees to make sure they are still there at least five times daily, and Holmes will be restricted to a small area of the jail, and her time there will be strictly regulated.
Elizabeth Holmes and Theranos Scandal
Elizabeth Holmes, then 30 years old, was enjoying the pinnacle of her success in 2014.
Despite dropping out of Stanford University, she established a company with a staggering valuation of $9 billion, thanks to its groundbreaking approach to disease diagnostics, per BBC.
Theranos, the company Holmes founded, claimed to have developed the Edison test. This revolutionary method required only a few drops of blood to rapidly and painlessly detect various diseases, including cancer and diabetes.
With notable figures like Henry Kissinger and General James Mattis on its board of directors, Theranos appeared to be on the path to revolutionizing the medical industry.
However, Theranos started to crumble in 2015 when Holmes was exposed as a fraudulent figure. As the technologies she had touted failed, Theranos faced an inevitable downfall. The once-promising startup had faltered, leaving a trail of broken promises.
In January, a California jury delivered a verdict, finding Holmes guilty on four fraud charges. Each offense has a maximum prison sentence of twenty years.
The jury acquitted her on four additional counts, and three others resulted in a deadlock. Holmes, who had pleaded not guilty to all charges, pursued a new trial, but her request was ultimately denied.
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This article is owned by Latin Post.
Written by: Bert Hoover
WATCH: Theranos founder Elizabeth Holmes to report to federal prison - From LiveNOW from FOX
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