Is Elizabeth Holmes in prison? Here's what's going on with the Theranos founder now

The Theranos CEO—the subject of Hulu's 'The Dropout'—was found guilty on four out of 11 counts of wire fraud and conspiracy. Here's what happens next

Founder & CEO of Theranos Elizabeth Holmes attends the Forbes Under 30 Summit at Pennsylvania Convention Center on October 5, 2015 in Philadelphia, Pennsylvania
(Image credit: Gilbert Carrasquillo/Getty Images)

Is Elizabeth Holmes in prison? Now that we've all seen The Dropout trailer—and the Hulu series debuts Thursday, March 3—everyone is curious about the real Theranos founder's whereabouts. 

As of late, our TV lineup has focused on lies and deception. After digesting The Tinder Swindler in all of its unimaginable glory and marathoning the chaotic Inventing Anna, we are ready to turn our attention towards the disgraced medical entrepreneur. 

Amanda Seyfried will star at Holmes in the limited series airing on Hulu, but before you binge the new show, get caught up with the real Elizabeth Holmes.

(If you're wondering 'where is Anna Sorokin now?' before streaming Inventing Anna, we give you the scoop on her, too.) 

It seemed that Holmes was destined for glory: although the brilliant student decided to end her time at Stanford University, she was determined to uncover a progressive new take on blood testing instead. 

With nods to Bill Gates and Mark Zuckerberg, the young chemical engineer seemingly made it all work. Theranos gained fame in 2015 and was applauded for its noble efforts.

"Every time you create something new, there should be questions," Holmes famously said. "And to me, that's a sign that you've actually done something that is transformative."

Once those questions emerged, however, the company—and its founder—were exposed. It turned out that Holmes misled investors and the government through false or exaggerated claims about the efficacy and accuracy of Theranos' blood-testing technology. In 2018, Theranos collapsed and Holmes was convicted of fraud and conspiracy charges. Everything she had worked toward had been built on lies.

Is Elizabeth Holmes in prison?

Elizabeth Holmes is not currently in prison and remains free on a $500,000 bond secured by property. She resides in California with her boyfriend, Billy Evans, and their baby. She will remain out of prison until at least her sentencing, according to The Wall Street Journal (opens in new tab)

Should the Theranos CEO actually face jail time—something that experts believe she will appeal—it's likely she will not serve the likely 80+ years that her charges have triggered, per sentencing consultants.

A post shared by The Dropout (@thedropouthulu) (opens in new tab)

A photo posted by on

What happened to Elizabeth Holmes?

Although the new year typically brings exciting opportunities—and the promise of returning to normalcy after such troubling times—the Theranos CEO did not welcome 2022 positively. 

She was found guilty on four out of 11 counts of wire fraud and conspiracy, all of which result in 20 years of prison, according to The New York Times. (opens in new tab)

When will Elizabeth Holmes be sentenced?

Elizabeth Holmes will be sentenced on September 26, 2022. Shortly after The Dropout premieres, sentencing for the actual Holmes case will begin on Wednesday, March 9. 

If you're anxious to take a look at the fictionalized version of Holmes' story, be sure to get your Hulu subscription working. The first three episodes will be available to stream immediately beginning on Thursday, March 3, and each remainder will become available on the subsequent Thursday. It all wraps up in the grand finale on March 31. 

There's still time before we learn Holmes' fate, but one thing is for sure—the world will be watching.

Danielle is a writer for woman&home and My Imperfect Life, covering all-things news, lifestyle and entertainment. 

The heart of her time at Future has been devoted to My Imperfect Life, where she's been attuned to the cosmos and honed in on astrology coverage within the Life vertical. She's partial to writing pieces about the next big TV obsession—anyone else impatiently waiting for "Conversations with Friends"—and keeping you up to date on new trends like the latest must-have from Zara. 

Before her time at Future, Danielle was the editor of Time Out New York Kids and a news editor at Elite Daily. Her work has also appeared in Domino, Chowhound, amNewYork and Newsday, among other outlets. 

When Danielle is not working, you can usually find her reading a new book, coffee at hand, or attempting a new recipe. (Recommendations always welcome!)