As Elizabeth Holmes’ profession got here crashing down amid the downfall of Theranos, she met and located love with Billy Evans.
Holmes began relationship the Evans Lodges inheritor following the tip of her controversial relationship with Sunny Balwani. After assembly when Holmes was in China for Stanford’s Mandarin program in 2002, she reportedly began relationship Balwani, who is nineteen years older than her, in 2004. He was by her aspect when she based Theranos, an organization that falsely claimed to have a product that would run medical checks utilizing solely a finger prick of blood.
Balwani formally joined the corporate in 2009. ”As soon as we began working collectively it was a really intense relationship and that romantic piece that was there on the very starting died,” Holmes recalled in a 2019 deposition. “I don’t suppose it occurred in a single second, nevertheless it was very clear we had been colleagues.”
Holmes and Balwani, the previous president and COO of Theranos, had been indicted on fraud prices in 2018. She began relationship Evans earlier than the authorized points started and stories that they had been engaged surfaced in 2019.
“Billy and the MIT ring, they’re inseparable,” one in all Evans’ former Luminar colleagues informed the New York Submit on the time. “He might snap his fingers and have a triple-A diamond engagement ring immediately if he wished to. However in case you give her some extravagant ring, it might find yourself owned by the feds if she has to surrender her materials possessions.”
The twosome wed later that 12 months. After the COVID-19 pandemic delayed the beginning of Holmes’ trial, her being pregnant with their first son, William, born in July 2021, additionally pushed again the beginning date.
When Holmes’ trial lastly started later that 12 months, Evans was by her aspect. In January 2022, she was discovered responsible of three counts of wire fraud and one rely of conspiracy to commit wire fraud. A number of months later, it was revealed Holmes — who was portrayed by Amanda Seyfried in Hulu’s The Dropout — was pregnant together with her second little one at her sentencing listening to in November 2022.
“My coronary heart is damaged with the considered spending any days away from Liz, for a future through which my son grows up with a relationship along with his mom on the opposite aspect of glass armed by guards,” Evans mentioned in his memo on the time.
The choose ordered Holmes to 11.25 years behind bars and three years of supervised launch. (Balwani, for his half, was convicted on 12 counts of fraud and conspiracy in July 2022 and sentenced to 13 years in jail that December.)
Whereas she was ordered to give up in April 2023, she filed a bid to delay the beginning of her sentence as she labored to enchantment her conviction. In courtroom paperwork launched in February 2023, it was confirmed she had given delivery to child No. 2.
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