Elizabeth Holmes has given birth to her second child, her lawyers revealed in a court filing seeking to delay the start of her more than 11-year prison sentence.
The children were two of the close family ties cited by Holmes' lawyers as reasons why she is not a flight risk and should be allowed to remain free while she appeals her conviction.
Both of Holmes' children were born after she was sued for fraud. In November 2022, the founder of Theranos was sentenced to over 11 years in prison for defrauding investors in her blood-testing startup, which was once valued at $9 billion. The former Silicon Valley star claimed the technology could diagnose disease with just a few drops of blood.
Theranos, a portmanteau of the words "Therapy" (Therapy) and "Diagnosis" (Diagnosis), promised that just through a drop of blood from a painless prick of the fingertip and through a machine, it would detect all possible diseases, distinguishable through blood.
All the media wrote about it, including Time, Forbes, New Yorker, etc. Holmes went from an unknown to a household name in Silicon Valley and managed to amass billions of dollars in wealth by defrauding investors. She was considered the queen of the male-dominated Silicon Valley.
But the investigation revealed that behind Theranos' success story, hidden laboratory procedures and questionable results. Prosecutors described him as a charlatan obsessed with fame and fortune.
