Court Orders Elizabeth Holmes to Avoid Contact with Defrauded Investors Ahead of Release
A federal judge has prohibited former Theranos CEO Elizabeth Holmes from communicating with the investors she defrauded and imposed additional conditions as she prepares for a scheduled release in 2030.
A federal court has barred Elizabeth Holmes, the former Theranos founder, from contacting any of the 14 investors she is ordered to repay, according to documents obtained by a media outlet. Holmes, 42, owes a total of $452 million in restitution, with the largest single claim of $125 million from media mogul Rupert Murdoch. The court also requires her to provide her probation officer with access to her financial records, submit to credit checks, participate in a mental-health treatment program, submit DNA samples, and allow searches of her residence and other properties.
Holmes was convicted of wire fraud and conspiracy to commit wire fraud and has been serving her sentence at a minimum-security federal prison camp in Bryan, Texas. She is slated to transfer to a halfway house in August of next year, with an official release date set for February 22, 2030, while a request for commutation remains pending.
Investors who have not recovered any of their contributions, such as retired financial planner Alan Eisenman, who invested about $1.2 million, expressed frustration with the outcome. Eisenman said he intends to watch an upcoming documentary about Holmes but worries it may portray her sympathetically.
"She was a liar back in 2006 and she’s a liar today," Eisenman told NBC News.
The court order also mandates that Holmes give her probation officer access to her financial records and authorize credit checks, among other requirements.