Elizabeth Holmes she may find herself welcoming her second child while serving time in prison. The founder of Theranos, who was sentenced to 11 years in prison on fraud charges on Friday, Nov. 18, is pregnant, according to court documents obtained. The New York Times. After being charged in January with defrauding investors by starting a blood test, Holmes became pregnant, according to the release.
In July 2021, before her trial began, Holmes welcomed her first child, a baby named William Holmes Evansand his wife Billy EvansAccording to ABC news. The pregnancy became public after her legal team requested that the trial date be moved so she could accommodate the upcoming birth. The date had been rescheduled three times due to the epidemic.
Pregnant with her second child, Holmes also paid a $250,000 fine and was ordered to pay restitution on four counts of defrauding investors during her sentencing Friday. The Stanford University dropout, who founded Theranos in 2003 and grew it into a $9 million company, will also spend 3 years under supervision and his release.
The downfall of Theranos began in October 2015 after Wall Street Journal reports cast doubt on the company’s claims that its new technology could test blood more accurately than it did. Instead, the company relied on third-party lab testing machines and blood draws to run many of its tests. An investigation by the Securities and Exchange Commission followed and resulted in the discovery of Mr. Holmes and his former partner, Theranos’ president and CEO. Sunny Balwani, in June 2018. Balwani was found guilty on 12 counts in another case and is due to be sentenced in December.
Amidst all the controversy surrounding Theranos, including the 2018 lawsuit, Elizabeth got engaged and married Evans Hotels heir William “Billy” Evans in 2019. The two met at a party in Silicon Valley in 2017, according to The New York Post.