Elizabeth Holmes denied bid to remain free during appeal and faces prison time.
TL;DR Summary
Elizabeth Holmes, former 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 concluded 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.
- Theranos' Elizabeth Holmes loses bid to stay out of prison CNBC
- Elizabeth Holmes: Theranos founder's bid to remain out of prison on appeal denied Yahoo Finance
- Theranos' Elizabeth Holmes loses bid to remain free during appeal Reuters
- Elizabeth Holmes' Mexico-flight purchase was bold, ill-advised: judge Business Insider
- Elizabeth Holmes cannot remain free during appeal KRON 4
Reading Insights
Total Reads
1
Unique Readers
9
Time Saved
3 min
vs 4 min read
Condensed
87%
607 → 79 words
Want the full story? Read the original article
Read on CNBC