FOX Business host Cheryl Casone gives the latest on The Claman Countdown that Sunny Balwani has been found guilty of 12 counts of cheating over a Theranos fraud.
The first photos released show former Theranos CEO Elizabeth Holmes in prison in Bryan, Texas.
Holmes arrived at prison on May 30 to serve her 11-year sentence after being convicted of multiple counts of fraud.
The Bryan Women’s Federal Penitentiary is located near her hometown of Houston, which gives her better access to family members.
During her first few days in prison, Holmes wears a brown t-shirt and khaki pants.
JUDGE RECOMMENDS TEXAS PRISON FOR THERANOS FOUNDERS
Elizabeth Holmes seen walking in the prison yard at Bryon Federal Prison Camp, Texas, on her second day as an inmate there. She looked tired and dejected as she walked slowly across the yard, still wearing her wedding ring… (splash news)
For Holmes, life will be very different now. According to a former inmate at the Texas facility, she is allowed up to 300 minutes per month on the phone with loved ones and has visitors on weekends.
Holmes has an almost two-year-old son and a three-month-old baby, whom she conceived after and before sentencing.
The children are raised by their father, their partner Billy Williams.
ELIZABETH HOLMES IN PRISON: WHAT LIFE IS LIKE IN THE TEXAS FACILITY
Elizabeth Holmes seen walking in the prison yard at Bryon Federal Prison Camp, Texas, on her second day as an inmate there. She looked tired and dejected as she walked slowly across the yard, still wearing her wedding ring… (splash news)
The former Silicon Valley darling was originally charged with 11 counts, acquitted four counts, and the jury failed to reach a verdict on the remaining three counts.
Former CEO who dropped out of Stanford University at the age of 19 to found Theranos.
She became a paper billionaire after raising more than $900 million from investors on promises that the company’s blood testing technology could diagnose diseases with just a few drops of blood.
ELIZABETH HOLMES LOSES OFFER TO AVOID PRISON, FALLS ON $452 MILLION IN REFUND
Elizabeth Holmes enters Camp Bryan Federal Penitentiary in Bryan, Texas on Tuesday, May 30, 2023. Holmes will begin serving her 11-year sentence for fraud and conspiracy related misdeeds at her company, Theranos. (splash news)
Holmes was indicted in 2018 alongside her former lover and Theranos First Lieutenant, Ramesh “Sunny” Balwani, who was already in prison after being convicted of a wider range of offenses in a separate trial.
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Holmes and Balwani were also found jointly liable for paying approximately $452 million in damages to the victims of their crimes.
Fox News’ Anders Hagstrom, Breck Dumas and Kassy Dillon contributed to this report.