Elizabeth Holmes Begins 11-Year Prison Sentence at FPC Bryan
Elizabeth Holmes, the founder of Theranos, has checked in at the Federal Prison Camp (FPC) Bryan facility in Texas to begin serving her 11-year sentence for felony, fraud, and conspiracy. FCP Bryan is located in Bryan, Texas, about 100 miles from Houston and is exclusively for non-violent offenders. Inmates have mixed feelings about Holmes, and she is expected to keep her room clean. Holme’s vegan diet can still be maintained at the facility, and families can visit on weekends.
1. Famous Inmates at FPC Bryan
Bryan has around 720 inmates, most of whom are in for white-collar crimes, low-level drug offenses, and harboring illegal immigrants, according to The Wall Street Journal. Holmes is not the only celebrity inmate. Jen Shah, the star of “Real Housewives of Salt Lake City,” was sentenced to 6 1/2 years for conspiracy to commit wire fraud earlier this year. Michelle Janavs, heiress to the Hot Pockets fortune, was also convicted in a college admissions scandal in 2020.
2. Accommodations at FPC Bryan
The facility’s housing units open at 6 am and close at 10 pm. Each room houses up to four inmates, with each room having two bunk beds with mattresses approximately a hand’s width thick. Inmates are responsible for making their bed, sweeping and mopping the floor, and taking out the trash. All inmates, cleared medically, can also expect work assignments, earning between 12 cents and $1.15 per hour.
3. Holmes’ Vegan Diet
Holmes is vegan, which is ideal since the facility offers a meatless option. Aside from this, inmates can also cook for themselves using inventive cooking ingredients and methods.
4. Family Visits
Holmes can see her family on weekends and holidays, with her parents living relatively close since she grew up in Houston. The prison play area allows her two children, a baby and a toddler, to visit. Children under 10 can sit on their parents’ lap, and women can breastfeed their babies.
Additional Piece: Understanding the Effects of White-Collar Crimes on Society
White-collar crimes typically relate to financial gain and are typically committed by professionals and businesspeople. In contrast to violent crimes, which have urgent physical consequences, white-collar crimes cause significant losses that can have a long-term impact on people they affect: consumers, companies, and businesses.
The effects of white-collar crimes on society are not always direct, but their ripple effect is just as harmful. Some of the effects include:
1. Loss of Consumer Confidence
The commission of financial crime destroys trust in the financial system and institutions, leading people to question banks’ security measures. For instance, people became skeptical of banks’ reliability and questioned their investment choices after the 2008 global financial crisis, where billions of dollars were lost due to fraudulent investments and practices.
2. Economic Losses
White-collar crimes often result in colossal economic damages to companies, government agencies, and individuals. As the number of crimes increases, the cost of fraud and white-collar crime could surpass the cost of violent crime. The losses suffered from white-collar crime could lead to higher insurance premiums, taxes, and prices.
3. Loss of Jobs and Income
Companies that fall victim to white-collar crimes may suffer financial hardships and may result in significant job losses. Employees of companies that suffer losses from white-collar crimes may see salary cuts and miss out on bonuses, promotions, and other benefits.
4. Increased Regulatory Measures
White-collar crimes result in increased government investigative measures and extended regulatory scrutiny to mitigate future crimes. It often impacts the daily operations of legitimate businesses, leading to unnecessary bureaucracy and additional expenses.
Conclusion
White-collar crimes have significant social and economic impacts that echo beyond jail time for offenders. Elizabeth Holmes is the latest white-collar criminal to face the repercussions of their actions, with Theranos and their investors reportedly losing over $700 million. Although Bryan FPC is a ‘nicer prison’ compared to high-security institutions, Holmes still has to complete her sentence and pay back $500,000 fines. Contrarily, and more importantly, the effects of white-collar crimes ripple through society with significant economic losses, job losses, and regulatory audits. It is essential to implement preventative measures from policymakers, regulatory bodies, and financial institutions to curb unethical practices and mitigate such consequences.
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Elizabeth Holmes, founder of Theranos checked in at the FPC Bryan facility on Tuesday to begin serving his 11-year sentence for felony, fraud and conspiracy.
The facility is located in Bryan, Texas, about 100 miles from Houston. It’s a minimum security federal prison camp for women only Unlike the prisons depicted in shows like Oz either orange is the new blackFPC Bryan is for non-violent offenders.
“Sometimes they’re called ‘Camp Fed’ because they have a little more amenities and are a little nicer places,” said Keri Axel, a criminal defense attorney. yahoo news. But she added: “They are not good places. Nobody wants to be there.”
Here’s what your newest inmate can expect.
1. Holmes isn’t the only famous inmate
Bryan has about 720 inmates, mostly for white-collar crimes, low-level drug offenses and harboring illegal immigrants, according to the Wall Street Journal.
Holmes isn’t the only famous face to serve time in Bryan. Another famous inmate is the star of “Real Housewives of Salt Lake City.” jen shah, who was sentenced to 6 1/2 years in prison for conspiracy to commit wire fraud earlier this year. Michelle Janavs, heiress to the Hot Pockets fortune, also served time there in 2020 after being convicted in a college admissions scandal.
2. You will sleep on a very thin mattress
The residential has four housing units, which open at 6 am and close at 10 pm. All inmates are to return to their dormitories standing at bedside at 4 pm and 10 pm on weekdays and at 10 am, 4 pm and 10 pm on weekends and holidays.
According to the WSJ, the cells house up to four inmates. Each room has two bunk beds with mattresses “almost as thick as a hand’s width,” inmates told the WSJ.
Inmates reportedly have mixed feelings about Holmes.
“Some people say, ‘I want to be her friend,'” Tasha Wade, a current inmate, told the WSJ. “But other people say, ‘I can’t believe that’s all he got for taking all that money.'”
Holmes is expected to keep his room clean. There is no cleaning service. Each inmate is responsible for making her bed, sweeping and mopping the floor in her room, and taking out the trash. Inmates can be fined for making a mess.
3. Holmes can earn up to $1.15 per hour
All inmates, who have been medically cleared, will get a regular work assignment, which includes food service and factory jobs. According to the inmate handbook, workers can earn between 12 cents and $1.15 per hour on their work assignments.
4. You will be able to maintain your vegan diet
Holmes is vegan. It is said that he adopted this diet because allowed him to work late without sleep. So it may be a relief to her that Bryan offers a meatless option. Inmates can also cook for themselves using inventive cooking ingredients and cooking methods, inmates told the WSJ.
5. Families can visit on weekends
Holmes can expect to see his family on weekends and holidays. Because he grew up in Houston, his parents live relatively close. Holmes also has two children, a baby and a toddler, who are allowed to visit her in the prison play area. Children under the age of 10 can sit on her parent’s lap, and women can breastfeed the babies during visits.
https://www.entrepreneur.com/business-news/5-things-to-know-about-elizabeth-holmes-prison/453170
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