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 need to report back to jail to start her 11 1/4-year sentence after she was convicted by a jury final yr of defrauding buyers within the blood-testing startup.

Holmes had received a quick pause delaying the beginning of her jail time period whereas the appeals courtroom thought of her request. The appeals panel upheld the lower-court decide who presided over Holmes’s trial and denied her request for bail. She will be able to nonetheless pursue her attraction of her conviction, however should accomplish that 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.

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