Theranos CEO Elizabeth Holmes begins 11-year prison sentence

Disgraced Theranos laminitis Elizabeth Holmes has reported to the national situation wherever she volition service an 11-year sentence.

Holmes, 39, was convicted aboriginal past twelvemonth connected 4 counts of fraud linked to her failed humor investigating start-up.

In mid-May, a tribunal rejected her petition to stay escaped connected bail portion a situation to the archetypal condemnation was considered.

She volition service her word successful a minimum-security situation successful Texas.

Holmes reported to the national installation successful Bryan, Texas, which holds betwixt 500 and 700 inmates astatine immoderate fixed time, connected Tuesday.

It is astir 100 miles (160km) northbound of Houston, her hometown. Her accomplishment astatine the installation was confirmed by the Federal Bureau of Prisons, which declined to springiness immoderate much details astir her confinement, citing privateness concerns.

There, the pistillate erstwhile billed arsenic the world's youngest self-made billionaire volition enactment alongside different inmates for betwixt 12 cents (10p) and $1.15 (93p) an hr - overmuch of which volition spell towards her court-mandated restitution payments to her victims.

Earlier this period a US justice ordered Holmes and her erstwhile romanticist and concern partner, ex-Theranos brag Ramesh "Sunny" Balwani to wage $452m (£364m) to victims.

Balwani is already serving a 13-year situation condemnation successful California for his relation successful the scheme.

Together, the brace are accused of duping immoderate of the world's richest and astir salient investors - including media tycoon Rupert Murdoch and erstwhile US Treasury Secretary George Shultz - into backing Theranos.

The firm, erstwhile valued astatine $9bn, promised it had exertion that could observe conditions specified arsenic diabetes with conscionable a fewer drops of blood. The tech, however, ne'er worked.

The institution yet collapsed successful 2018.

Eileen Lupera, who mislaid portion of her savings investing successful Theranos, told the BBC this week that she is "glad she [Ms Holmes] got 11 years".

"Her hubris is beyond belief," she added. "I don't judge she's inactive taking immoderate work for what has happened."