Elizabeth Holmes, the founder of blood-testing startup Theranos, began serving her 11-year prison sentence on Tuesday, after several attempts to delay her time in jail, The Associated Press reported.
The 39-year-old was convicted in January 2022 of defrauding patients and investors with claims that her new technology could trace serious diseases with just a few drops of blood. She is set to serve her sentence at a federal minimum-security, women’s prison camp in Texas.
Her son was born in July 2021, weeks before the start of her trial, and her 3-month-old daughter was conceived after her conviction in January 2022.
Theranos was once valued at $9 billion, and Holmes, who had a stake of $4.5 billion in the company, was declared the youngest self-made female billionaire in the U.S. by Forbes.
But Theranos collapsed after a series of Wall Street Journal articles in 2015 found its technology produced inaccurate results.
Holmes and former Theranos CEO Ramesh "Sunny" Balwani have been ordered to pay $452 million to victims of the blood-testing startup's fraud.