In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America.[4]
After revelations of potential fraud in Theranos' claims, in 2016 Forbes revised its estimate of Holmes' net worth to zero.[5]Fortune named her one of the "World's Most Disappointing Leaders".[6]
The case of U.S. v. Holmes, et al., began on August 31, 2021.[7] A trial was held in a lower court in the federal court system.
A former manager of Theranos gave testimony (in court) on September 17.[8] She said "that she made Holmes [...] aware of serious failings of" blood-testing machines from Theranos; claims made by the former manager "were backed up [...] by emails [showed to jurors or] displayed for jurors", media said.[8]
Holmes was convicted of four counts of fraud and conspiracy in January 2022.[9] She [had] to report to prison on May 30, 2023.[10] She made some appeals that were not successful.[11][12]
The lower court gave her a prison sentence of 11 years 3 months.[10][13]
Holmes showed up at Federal Prison Camp, Bryan, in Texas in May 2023.[14]
In 2023, the Bureau of Prisons web site [gave an indication or] projected that Holmes could be released from prison two years early, after serving 85% of her prison sentence.[15][16]