She's in prison for her blood test scam. Meanwhile, her husband is pitching an eerily similar company.

Elizabeth Holmes and Theranos initially appeared to be the perfect Silicon Valley package.

With her steady gaze, signature black turtleneck and unusually deep voice, Holmes convinced the world's wealthiest investors that her company, Theranos, could revolutionise healthcare with just a drop of blood.

At its peak, the company was worth $9 billion USD, but the core technology didn't work; the blood tests weren't accurate, the laboratories operated in secrecy, and it would emerge that Theranos could not diagnose medical conditions like cancer with a simple pinprick of blood as promised.

Once found out, the woman who compared herself to Einstein and Steve Jobs would become known as the architect of one of the most spectacular frauds in corporate history.

On May 31, 2023, after a lengthy investigation and four-month trial, Holmes was convicted of defrauding investors out of $1.5 billion USD. She was sentenced to 11 years in prison.

Her elaborate scheme was the subject of a podcast called The Dropout, which was later adapted into an award-winning series starring Amanda Seyfried.

Holmes has always maintained her innocence. She's made several bids to avoid prison time and have the conviction overturned, but ultimately, has been unsuccessful.

This is what we know about Holmes' life now.

Watch: Elizabeth Holmes to start her 11 years of sentence. Post continues after video.

A familiar startup pitch.

As Holmes whiles away the hours in a cell at Federal Prison Camp Bryan, a minimum-security facility located approximately 160km from Houston, Texas, her husband is attempting to raise money for a blood-testing company.

Billy Evans has reportedly raised millions for the company, which is named Haemanthus. The company has described itself as "the future of diagnostics" and "a radically new approach to health testing," in marketing materials examined by the New York Times.

Holmes' venture, Theranos, similarly claimed to revolutionise diagnostic testing.

Haemanthus, which is named after a flower — also known as the blood lily, said its device will test blood as well as saliva and urine. Testing will begin on pets for diseases before progressing to humans.

Per the company's marketing materials, the venture hopes to raise $50 million USD.

In a lengthy post on X, Haemanthus said: "This is not Theranos 2.0."

"Yes, our CEO, Billy Evans, is Elizabeth Holmes' partner. Skepticism is rational. We must clear a higher bar," the account wrote.

"We prefer to build first, talk later. The science, when ready, will stand on its own merits."

Former Theranos CEO Elizabeth Holmes alongside Billy Evans. Image: Getty.

Evans is the heir to San Diego's Evans Hotels empire and has an estimated net worth of around $10 million USD.

The pair met in 2017, when Holmes was being investigated by the authorities, and share two children together, William, three, and Invicta, two.

What we know about Holmes' life in prison.

Holmes is currently serving her sentence at the same prison as Real Housewives of Salt Lake City star Jen Shah, who is behind bars for a telemarketing fraud scam and is expected to be released in November 2026.

The prison houses around 600 inmates in dormitory-style accommodations. Security is minimal, as it primarily holds non-violent offenders, including those convicted of white-collar crimes.

Holmes herself is expected to be released in 2032, though this could change with further sentence reductions for good behaviour.

In her first interview from prison, the 41-year-old maintained her innocence about what happened at Theranos.

"I refused to plead guilty to crimes I did not commit," she told PEOPLE in February.

"Theranos failed. But failure is not fraud."

She also shared what life behind bars has been like — and it is dramatically different from her time at the helm of a $9 billion company.

Holmes told PEOPLE that she finds moments of joy in prison — twice a week, to be precise, when her children William and Invicta are able to visit.

Holmes recalled her kids pressing their fingers together to make a heart sign, saying in unison, "Mummy, this is our love."

Holmes responded, "Our love is a superpower."

"I always wanted to be a mother," she said. "I truly did not think I would ever be convicted or found guilty."

She gave birth to William just weeks before the start of her fraud trial; her pregnancy with her daughter a year later delayed the beginning of her sentence by a month.

But watching her family leave after visiting hours are over "shatters [her] world every single time".

"The people I love the most have to walk away as I stand here, a prisoner, and my reality sinks in," she said.

The mother-of-two added that it "kills [her]" to put her family through pain, but she remains more determined than ever to get out the other side stronger.

"When I look back on my life, and these angels that have come into it, I can get through anything. It makes me want to fight for all of it."

Elizabeth Holmes is working in prison.

The 41-year-old hasn't let incarceration halt her ambitions. She's taken on roles as both a reentry clerk and law clerk within the prison, while continuing to pursue her original mission of improving healthcare accessibility.

"There is not a day I have not continued to work on my research and inventions," she said, adding, "I remain completely committed to my dream of making affordable healthcare solutions available to everyone."

Holmes has also found a new calling in advocating for criminal justice reform, drafting what she calls an "American Freedom Act" bill to strengthen the presumption of innocence.

"This will be my life's work," she declared, adding that she's speaking out now to advocate for incarcerated persons and those separated from their children.

Even in the early days of her imprisonment, Holmes fought for changes within the system, including advocating for lactation rooms after her own experience trying to provide breast milk for her daughter.

"I wanted my daughter to have her mother's milk," she recalled. "It was important to me because it was a way to love her in here."

What's next for Elizabeth Holmes?

With approximately seven years remaining on her sentence, Elizabeth faces a long road ahead.

And while she maintains her innocence, the one-time tech founder acknowledged there are things she would've "done differently" if she had her time again.

"I'm not the same person I was back then," she told PEOPLE.

"People who have never met me believe so strongly about me. They don't understand who I am. It forces you to spend a lot of time questioning belief and hoping the truth will prevail.

"But it's been hell and torture to be here."

This article was originally published in May 2023 and has since been updated with new information.

Feature Image: Getty.