Elizabeth Holmes is in prison because she was convicted of defrauding investors through her blood-testing company, Theranos. In January 2022, she was found guilty on multiple counts, including conspiracy to commit fraud on investors and wire fraud. She was acquitted of defrauding patients but faced up to 20 years in prison. In November 2022, Holmes was sentenced to 11¼ years in federal prison and ordered to pay $452 million in restitution to the victims of the fraud. She began serving her sentence on May 30, 2023, at Federal Prison Camp Bryan in Texas. The fraud involved false claims about Theranos's technology capabilities, which led to significant investor losses and risked patients' lives due to unreliable test results.