Elizabeth Holmes goes to prison – level 3
Elizabeth Holmes, the founder of Theranos, has turned herself in to begin serving an 11-year prison sentence for fraud.
Holmes, who had been out on bail since 2018, was convicted on four counts of defrauding investors. She entered a minimum-security women’s prison camp in Texas, United States, accompanied by an escort and appeared in good spirits. The prison camp primarily houses non-violent female federal prisoners and focuses on work programs. Holmes had tried to delay her sentence, but her requests were denied. She spent her final days of freedom with her partner and children. Holmes’ former business partner Sunny Balwani was also convicted and began serving a 13-year sentence.
The downfall of Theranos, a company Holmes founded promising revolutionary blood-testing technology, marked the end of a dramatic saga that saw the company dissolve in 2018. Holmes will face supervised release and restitution payments after her sentence.
You can watch the video news lower on this page.
What impact did the rise and fall of Theranos have on the healthcare industry?
LEARN 3000 WORDS with NEWS IN LEVELS
News in Levels is designed to teach you 3000 words in English. Please follow the instructions
How to improve your English with News in Levels:
- Do the test at Test Languages.
- Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.
- Read two news articles every day.
- Read the news articles from the day before and check if you remember all new words.
- Listen to the news from today and read the text at the same time.
- Listen to the news from today without reading the text.
- Answer the question under today’s news and write the answer in the comments.