How fraudster Elizabeth Holmes is getting around prison rules to rake in cash

Convicted fraudster Elizabeth Holmes may have some cash to come home to after she completes her hefty federal prison sentence in February 2030.

Since late last year, the disgraced Theranos founder’s X account has monetized nearly two dozen uploads by making them available to subscribers only.

The verified Elizabeth Holmes X page — which Page Six is told is run, at least in part, by her longtime partner, Billy Evans — charges subscribers $1 per month to view certain posts. At the time this story was published, the account had just under 90 subscribers.

X keeps a portion of the earnings generated via subscription posts, while the creator — in this case, seemingly Holmes, allegedly via Evans — retains the rest.

Convicted fraudster Elizabeth Holmes (pictured in March 2023) may have some cash to come home to after she completes her hefty federal prison sentence in February 2030. Bloomberg via Getty Images
Since late last year, the disgraced Theranos founder’s X account has monetized nearly two dozen uploads by making them available to subscribers only. elizabeth holmes/ x

And yet this isn’t against the rules.

Page Six obtained and reviewed various documents outlining the Department of Justice’s Federal Bureau of Prisons’ policies and regulations, and the monetized X activity attributed to Holmes does not violate any of them.

The BOP’s Program Statement 1480.06 clearly thats that “an inmate currently confined in an institution may not be employed.” A rep for the BOP went on to tell us, “There are no policies authorizing the incarcerated population to access, view or post on social media while in custody; therefore, the opportunity [to earn money via social media] doesn’t exist.”

While Holmes’ name and image is being used to generate income, the rep insisted she cannot possibly be the user behind the posts.

In fact, the bio reads in part, “Mostly my words, posted by others.”

The verified Elizabeth Holmes X page — which Page Six is told is run, at least in part, by her longtime partner, Billy Evans (pictured together in March 2023) — charges subscribers $1 per month to view certain posts. Getty Images
X keeps a portion of the earnings generated via subscription posts, while the creator — in this case, seemingly Holmes, allegedly via Evans — retains the rest. Getty Images

The rep made sure to explain that inmates are not prevented from relaying information to others to share online on their behalf via monitored phone calls, emails, written mail and in-person visits.

Evans — with whom Holmes shares son William, 5, and daughter Invicta, 3 — has not publicly addressed whether he’s involved in the operations of her X account, nor has he responded to Page Six’s request for comment.

The 22 subscription posts currently active on Holmes’ page range in topic from maintaining her innocence to her fight for freedom and her insistence that the “narrative” surrounding her failed blood-testing startup will soon change.

In June 2018, the Stanford University dropout was indicted by a federal grand jury on nine counts of wire fraud and two counts of conspiracy to commit wire fraud after allegedly orchestrating schemes to defraud investors, doctors and patients via her now-defunct company.

And yet this isn’t against the rules. (Pictured: Holmes in a September X post.) Elizabeth Holmes / X
Page Six obtained and reviewed various documents outlining the DOP’s policies and regulations, and the monetized X activity attributed to Holmes (pictured in October 2022) does not violate any of them. Getty Images

A superseding indictment in July 2020 expanded the case to include an additional count of wire fraud.

After a months-long trial, Holmes was convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud in January 2022.

That November, she was sentenced to 135 months (11 years, three months) in federal prison, followed by three years of supervised release.

The 42-year-old was also ordered to pay more than $450 million in restitution, which she is expected to make contributions toward using money earned from her jobs in prison.

“There are no policies authorizing the incarcerated population to access, view or post on social media while in custody; therefore, the opportunity [to earn money via social media] doesn’t exist,” a rep for the BOP told us. elizabeth holmes/ x
The rep made sure to explain that inmates are not prevented from relaying information to others to share online on their behalf via monitored phone calls, emails, written mail and in-person visits. (Pictured: Holmes in November 2019.) NurPhoto via Getty Images

Holmes has been incarcerated at the Federal Prison Camp Bryan in Bryan, Texas, since May 2023, crossing paths with “Real Housewives of Salt Lake City” alum Jen Shah and Jeffrey Epstein’s accomplice Ghislaine Maxwell.

Holmes’ 2025 request to President Trump to commute her sentence remains “pending,” according to the DOJ’s Office of the Pardon Attorney.

However, in March, a judge reduced her sentence by a full year under a retroactive sentencing-guideline amendment applicable to qualifying first-time offenders.

An Elizabeth Holmes subscription X post uploaded shortly after celebrated the win.

“A note I shared with my family yesterday after learning my sentence was was reduced by 12 months,” read a message accompanying a screenshot of the note.

The Stanford University dropout has been incarcerated at the Federal Prison Camp Bryan in Bryan, Texas, since May 2023. / SplashNews.com
After a judge reduced her sentence by a full year in March, the above subscription X post appeared on her page. ElizabethHolmes/X

“For our beloved friends and family, We recieved [sic] a 12 month reduction in the sentence in our case today. It brings us one step closer to home, but our fight to prove my innocence has never been more intense than it is now.”

The note continued, “We have been forged in the fire over the 1,030+ days I’ve been held here. Every day has made us push past every limit, and fight harder than we ever have before.”

Holmes went on to thank her supporters for their “love,” as it has brought her “indomitable strength” in the face of “torment of each day.”

She maintained that “the truth will be revealed, and justice will prevail.”

Weeks before she began her prison sentence, Holmes let a camera crew into her home. Nathan Fielder and Lance Oppenheim’s resulting documentary, “You Can See Everything,” hits theaters next week.

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