Elizabeth Holmes Will Likely Land in Cushy, Fenceless Prison (1)

Elizabeth Holmes, once hailed as the youngest female self-made billionaire and an emblem of Silicon Valley entrepreneurship, will probably spend the next few years in a cushy minimum-security prison camp with access to activities like crafting or tennis, and no perimeter fence.

The 37-year-old Stanford University dropout was found guilty on Monday of a massive fraud at Theranos Inc., the blood-testing startup she founded, and faces as long as 20 years behind bars. But prison consultants and legal experts say that Holmes may serve as little as three years at one of the federal penal system’s less restrictive ...