May 31, 2023

Rocky Daily News

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Theranos founder Elizabeth Holmes ordered to start prison term

1 min read


Holmes’ prison sentence is scheduled to start roughly 20 years after she dropped out of college at 19 to start Theranos.

SAN JOSE, California — Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side.

In an 11-page ruling issued late Monday, U.S. District Judge Edward Davila concluded there wasn’t compelling enough evidence to allow Holmes to remain free on bail while her lawyers try to persuade an appeals court that alleged misconduct during her four-month trial led to an unjust verdict.

2023-04-11 11:59:24

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