Amanda Seyfried has spoken out in response to Elizabeth Holmes’ 11-year prison term, saying she ‘feels’ for her children.
After being convicted of wire fraud and conspiracy charges last year, the disgraced Theranos CEO, 39, submitted to the Federal Prison Camp in Bryan, Texas, to begin her sentence.
Seyfried, who acted as the entrepreneur on Hulu‘s The Dropout, came on Good Morning America to discuss her new series, The Crowded Room, in a strange coincidence.
During the chat, talk turned to the mom-of-two and her prison sentence when host Michael Strahan said: ‘Timing is everything. You’re here on the same day that Elizabeth Holmes is going to prison.’
‘I heard that. Today’s the big … Weird,’ the Mean Girls actress replied. ‘I feel for those kids.
‘There’s two kids that are hanging in the balance here. As a parent, as a mom… I don’t know.
‘Life’s not fair, but in a lot of ways it’s fair. For her in particular.’
Holmes was sentenced to 11 years in jail in November after being convicted of wire fraud and conspiracy for lying about her company’s claims that it had developed a system that could monitor and diagnose several health issues using a droplet of blood.
She created Theranos in 2003, claiming that they invented the Edison, a machine that could perform lab tests using blood drawn from a finger prick.
Over the months, Holmes and her company partner, Sunny Balwani, were able to gather more than $945 million from investors, with Theranos valued at $9 billion at one time.
However, the firm went bankrupt after a Wall Street Journal investigation found that the devices never worked correctly, with patients receiving erroneous findings and readings.
The narrative was the centrepiece of the Hulu miniseries The Dropout, which starred Elizabeth Marvel, Alan Ruck, Naveen Andrews, and Stephen Fry.
The Securities and Exchange Commission (SEC) accused Holmes and Balwani with fraud after charges that they deceived to investors and patients.
Balwani was sentenced to 13 years in jail after being found guilty in a separate trial on six charges of scamming investors and four counts of defrauding patients.
Holmes, who has repeatedly fought her sentence, reported to jail earlier today and is now in the same institution as Real Housewives of Salt Lake City star Jen Shah is spending a term for fraud and money laundering.
Source My Celebrity Life.