Elizabeth Holmes denied freedom while awaiting appeal, must report to prison.

1 min read
Source: Engadget
Elizabeth Holmes denied freedom while awaiting appeal, must report to prison.
Photo: Engadget
TL;DR Summary

Elizabeth Holmes, the founder of Theranos, has been denied release on bail while she appeals her conviction on four counts of fraud and conspiracy. She is scheduled to report to prison on April 27th. The judge ruled that her appeals didn't meet the burden of a "substantial" questioning of facts or law. However, the judge ruled against prosecutors hoping to brand Holmes as a flight risk after learning that her partner bought her a one-way ticket for a flight to Mexico.

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