Theranos Investor Criticizes Elizabeth Holmes' Planned Move to Halfway House

<figure><img alt="FILE PHOTO: Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative's annual meeting in New York, U.S., September 29, 2015. REUTERS/Brendan McDermid/File Photo" src="https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/VFXDH7FPZNBV3OATXU7LO4TRL4.JPG?auth=5a8ceccf9a9dd94d0fc2c7ee126aa26f8bc99eec99b57ff5dfb7fddf1b8c6052&amp;smart=true&amp;width=3187&amp;height=1792" /><figcaption>BRENDAN MCDERMID / REUTERS</figcaption></figure><p>Alan Eisenman, a retired financial planner from Texas and early investor in Theranos, has expressed discontent regarding Elizabeth Holmes' upcoming transition from a minimum-security federal prison to a halfway house. Holmes, the founder of Theranos, is set to make this move next year.</p><p>Eisenman stated that the Justice Department informed him of Holmes' expected release, as it is required to notify victims of developments in cases. He and his wife invested approximately $1.2 million in Theranos starting in 2006.</p><p>“Seems like a gift,” Eisenman told NBC News. He criticized Holmes, stating, “She was a liar back in 2006 and she’s a liar today.” Holmes owes the couple nearly $150,000 as part of a total restitution of $452 million owed to all her victims, and Eisenman noted that he has “not received a penny” back.</p><p>A lawyer who represented Holmes in her 2021 criminal trial did not respond to a request for comment.</p><p>Holmes, now 42, founded Theranos in 2003 at the age of 19, claiming to have revolutionized blood testing by using just a few drops of blood from a finger prick. At its peak, Theranos was valued at $9 billion, but it was exposed as a fraudulent operation by The Wall Street Journal in 2015, leading to federal investigations. Holmes was convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud.</p><p>Holmes has been incarcerated at the minimum-security Federal Prison Camp in Bryan, Texas, for the past three years. The Federal Bureau of Prisons has not commented on her release plans, stating it does not discuss individual confinement conditions.</p><p>Holmes' sentence has been reduced multiple times; she was initially expected to be released on February 22, 2030. She has applied for a commutation of her sentence, which is still pending.</p><p>Eisenman expressed a desire for Holmes to remain in prison until 2030 and opposed any potential presidential clemency for her. He also plans to watch an upcoming documentary about Holmes, expressing concern that it may portray her in a sympathetic light. “She’s obviously manipulative,” he said. “If people don’t see that, then they’re blind. She’s the most conniving person I’ve ever met.”</p><p><a href="https://www.thedailybeast.com/victim-of-elizabeth-holmes-slams-her-shock-prison-release/">Read more at The Daily Beast.</a></p>