Who is Elizabeth Holmes? Her Theranos story explained

Elizabeth Holmes is back in the spotlight as the convicted Theranos founder prepares for a move to a Texas halfway house and a new documentary about her life heads to theaters.

Holmes is scheduled to be transferred to the Austin Transitional Center in Del Valle, Texas, on Aug. 23, 2027, according to an update from the Department of Justice's Victim Notification System reported by ABC News. She is currently serving an 11-year, three-month federal prison sentence.

Holmes was convicted in 2022 of defrauding Theranos investors of hundreds of millions of dollars by making false claims about the company's technology, finances and business relationships. She reported to prison in 2023.

Her case has also become the subject of multiple documentaries and a scripted television series. A new documentary from A24, comedian Nathan Fielder and filmmaker Lance Oppenheim is scheduled to hit theaters in October.

Holmes founded Theranos in 2003 after dropping out of Stanford University. The company claimed it had developed technology that could perform a wide range of blood tests using only a small amount of blood.

Holmes attracted significant attention in Silicon Valley and was once hailed as the next Steve Jobs. Theranos also attracted major investors as Holmes…

Original source: https://www.usatoday.com/news/nation/