Prosecutor of Theranos founder Elizabeth Holmes warns Silicon Valley leaders of fraud case implications

The prosecutor who secured Elizabeth Holmes’ guilty verdict described her transition from Silicon Valley’s star to a convict as a story to learn from.

John Bostic, a former federal prosecutor, played a crucial role in ensuring Holmes was held accountable and is now advising aspiring entrepreneurs not to emulate the downfall of the disgraced Theranos founder.

“A thriving economy relies on a vibrant community of tech startups and investors,” expressed Bostic, who currently serves as a partner at the esteemed global law firm Cooley, during an interview with Fox News Digital.

“Investors need to approach even the most hyped investments with a dose of skepticism, and founders need to be vigilant in painting an accurate picture of their companies. That goes double in highly regulated industries like life sciences.”

Elizabeth Holmes, founder of Theranos Inc., arrives at Federal Prison Camp Bryan in Bryan, Texas, May 30, 2023. (Sergio Flores/Bloomberg via Getty Images)

While in prison, the mother of two is permitted to visit with her partner, Billy Evans, and their two children, Holmes said. She gave birth to her oldest child shortly before her trial began and delivered her second child three months before her prison sentence began. 

“I always wanted to be a mother,” Holmes told People. “I truly did not think I would ever be convicted or found guilty.” 

Holmes is being held at Federal Prison Camp Byran in Bryan, Texas, and is scheduled to be released March 19, 2032. Upon release, she hopes to continue working in the healthcare and technology industries. 

“It kills me to put my family through pain the way I do,” Holmes said. “But 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.”

Mollie Markowitz and The Associated Press contributed to this report.