Elizabeth Holmes denied request to avoid prison while appealing conviction.
TL;DR Summary
Elizabeth Holmes, the founder of Theranos, has lost her bid to avoid prison and has been ordered to pay $452 million in restitution to the victims of her crimes. She had been previously ordered to surrender to authorities on April 27 by U.S. District Judge Edward Davila, who sentenced her in November. Holmes is being held jointly liable for that amount with her former lover and top Theranos lieutenant, Ramesh "Sunny" Balwani, who is already in prison after being convicted on a broader range of felonies in a separate trial.
- Theranos founder Elizabeth Holmes loses bid to avoid prison, required to pay $452 million in restitution Fox Business
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- Theranos Founder Elizabeth Holmes's Request to Stay Out of Prison Denied The Wall Street Journal
- Court rules Theranos founder Elizabeth Holmes must go to prison while she appeals against sentence The Guardian
- Court rejects Elizabeth Holmes' latest effort to stay out of prison POLITICO
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