Elizabeth Holmes begins prison term as Amanda Seyfried deems her sentence “fair”
Amanda Seyfried, known for her portrayal of Elizabeth Holmes in “The Dropout,” shared her perspective on the sentencing of the disgraced Theranos founder. During her appearance on “Good Morning America,” Seyfried discussed her new show “The Crowded Room” and acknowledged the coincidental timing of Holmes starting her prison term.
Seyfried expressed sympathy for Holmes’ two young children, emphasizing the impact on their lives. As a mother herself, Seyfried connected with the situation on a personal level, acknowledging the complexity of fairness in life but also recognizing that, in many ways, the sentence was fair for Holmes.
In November, Holmes was sentenced to 11 years and three months in prison for defrauding investors through her failed blood testing startup, Theranos. She was ordered, along with her ex-boyfriend and former Theranos COO, Ramesh “Sunny” Balwani, to pay approximately $452 million in restitution to the victims of their crimes.
Holmes founded Theranos in 2003, claiming to have developed revolutionary technology capable of conducting accurate tests with a small amount of blood. The company attracted significant investments, reaching a valuation of $9 billion at its peak. Holmes gained attention as a symbol of Silicon Valley’s potential, often compared to Steve Jobs for her iconic black turtleneck attire.
However, doubts about the efficacy of Theranos’ technology grew, leading to a dramatic downfall explored in various media forms, including podcasts, a documentary, and the Hulu series featuring Seyfried.
Once hailed as a tech industry icon, Holmes became a rare case of a tech executive tried and convicted for fraud. Her sentencing marked a significant moment in the world of technology and showcased the consequences of deceptive practices.
In March, Holmes attempted to delay the start of her prison term, citing her children, but her appeal was denied.