Elizabeth Holmes, the disgraced founder of blood-testing start-up Theranos, has been ordered to report to prison on May 30 to serve her 11-year sentence for fraud and conspiracy. As the court rejected her request to stay out of prison while she appeals her conviction, Holmes will begin her 11-year sentence on May 30. Her story has sparked conversations on the importance of in-depth due diligence and thorough scrutiny of technology and start-ups before investing in them. Despite her guilty verdict, Holmes continues to insist on her innocence, and her lawyers indicate they plan to appeal. Only time will tell if her legal team will be successful, or if she will serve the full term of her sentence behind bars.

Source: Washington Post May 18, 2023 18:05 UTC