Elizabeth Holmes Pregnant With 2nd Baby As She Preps For Jail – Hollywood Life

Elizabeth Holmes could discover herself welcoming her second baby whereas serving time behind bars. The Theranos founder, who was sentenced to a 11-year jail sentence for fraud costs on Friday, Nov. 18, is pregnant, in keeping with court docket paperwork obtained by The New York Instances. After being convicted in January for defrauding buyers together with her blood-testing startup, Holmes grew to become pregnant, per the outlet.

In July 2021, earlier than her felony trial started, Holmes welcomed her first baby, a child named William Holmes Evans, together with her accomplice Billy Evans, in keeping with ABC Information. The being pregnant was solely made public after her authorized group requested her trial date be moved in an effort to accommodate the approaching beginning. The date had already been rescheduled thrice as a result of pandemic.

Whereas carrying her second child, Holmes was additionally fined $250,000 and ordered to pay restitution on every of her 4 costs of defrauding buyers throughout her Friday sentencing. The Stanford College dropout, who based Theranos in 2003 and grew it right into a $9 million firm, can even serve 3 years underneath supervision following her launch.

The top for Theranos started in October 2015 after Wall Road Journal reviews solid doubt on the corporate’s claims that their new expertise may take a look at blood extra effectively than customary practices. In actuality, the corporate was counting on different corporations’ conventional lab testing machines and typical blood attracts to run lots of its assessments. A Securities and Alternate Fee investigation adopted and led to a number of federal fraud costs towards Holmes and her former boyfriend, Theranos president and CEO Sunny Balwani, in June 2018. Balwani was convicted on 12 counts in a separate trial and is scheduled to be sentenced in December.

Amidst all the controversy surrounding Theranos, together with an indictment in 2018, Elizabeth obtained engaged and married to Evans Inns inheritor William “Billy” Evans in 2019. The pair had met at a celebration in Silicon Valley in 2017, in keeping with The New York Submit.