The judge who sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison has recommended she serve out her term at a minimum-security women's facility in Texas.
Prison camps have"dormitory housing, a relatively low staff-to-inmate ratio, and limited or no perimeter fencing" and are"work- and program-oriented," according to the Bureau of Prisons. All inmates at the facility are required to work, which they do for an hourly wage of between 12 cents and $1.
It isn't certain Holmes will be sent to the Bryan facility. That is is up the Bureau of Prisons, which will make the final determination of where she serves her sentence, although it will take Davila's recommendation into account. Holmes, who at one time was hailed as a biotech wunderkind, must check into a facility on April 27, 2023.
Holmes was sentenced last week for her role in defrauding investors in Theranos, a once-promising blood-testing startup that collapsed after revelations that its key technology didn't work as promised. Valued at $10 billion at its peak, Theranos pulled in hundreds of millions of dollars in investments from heavyweights including media mogul Rupert Murdoch, software billionaire Larry Ellison, the Walton family of Walmart and the DeVos clan behind Amway.
A hearing on how much money Holmes must repay will take place at a later date. Prosecutors had sought $804 million in repayment to investors who lost money in Theranos. Holmes is expected to appeal her sentencing, which she must do within two weeks of the November 18 sentencing date.and is set to be sentenced in December.
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