Ex-Theranos CEO Elizabeth Holmes must soon go to prison

Elizabeth Holmes misplaced her ultimate request to stay free on bail whereas she appeals her fraud conviction.

The ruling Tuesday by the US Courtroom of Appeals in San Francisco means the Theranos Inc. founder will quickly should report back to jail to start her 11 1/4-year sentence after she was convicted by a jury final yr of defrauding traders within the blood-testing startup.

Holmes had gained a short pause delaying the beginning of her jail time period whereas the appeals court docket thought of her request. The appeals panel upheld the lower-court choose who presided over Holmes’s trial and denied her request for bail. She will be able to nonetheless pursue her enchantment of her conviction, however should achieve this from jail.

Former Theranos President Ramesh “Sunny” Balwani’s related request was additionally denied. He reported to jail final month to start his 13-year sentence.

Back To Top