A judge ruled on Monday that Theranos founder Elizabeth Holmes must surrender April 27 to serve her sentence for felony fraud, denying her request to stay home as she appeals her conviction.
U.S. District Court Judge Edward Davila said he found Holmes was not a flight risk or danger to the community.
A jury convicted Holmes, 39, in January 2022 of four counts of defrauding investors in her now-defunct Palo Alto startup through false statements about her company. Holmes also asked Davila to delay her prison sentence until the appeal finishes, which could take up to a year.
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Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.
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Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California last year. U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November.
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Judge denies Theranos founder Elizabeth Holmes appeal to remain freeDisgraced Theranos founder Elizabeth Holmes has lost her bid to remain out of federal prison while appealing her conviction for defrauding investors out of millions in one of Silicon Valley's most noteworthy startup failures.
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Convicted Theranos fraudster Elizabeth Holmes must begin prison stint during appealElizabeth Holmes is slated to report to prison later this month while her case is under appeal.
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Judge Rejects Elizabeth Holmes’ Plea For Freedom While She Appeals Her Fraud ConvictionHolmes is expected to begin serving her sentence of 11 years and three months on April 27.
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