Elizabeth Holmes denied request to stay out of prison during appeal.
TL;DR Summary
Elizabeth Holmes, the disgraced CEO of Theranos, has lost her bid to stay out of prison while she appeals her conviction for fraud. U.S. District Judge Edward Davila ruled that there wasn't enough evidence to allow Holmes to remain free on bail while her lawyers try to persuade an appeals court that alleged misconduct during her trial led to an unjust verdict. Holmes will have to surrender to authorities on April 27 to start her more than 11-year prison sentence.
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