Elizabeth Holmes Loses Bid To Remain Out Of Prison

  • A federal judge on Monday denied disgraced Theranos founder Elizabeth Holmes’ request to remain out of prison while she appeals her conviction on multiple counts of defrauding investors in her failed blood-testing startup.
  • Holmes is set to self-report to begin serving her 11.25-year sentence at a prison camp on April 27, after a jury found her guilty last year on three charges of wire fraud and one conspiracy charge on false claims to investors that her company’s blood-testing technology could diagnose diseases with just a few drops of blood.
  • Attorneys for Holmes pleaded for U.S. District Judge Edward Davila to allow the former Silicon Valley CEO to remain on house arrest while she appeals her conviction with the 9th U.S. Circuit Court of Appeals, arguing that she was not a flight risk due to her two small children and that she was not a threat to the community.
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