Elizabeth Holmes to begin 11-year prison sentence and pay restitution after losing bid to avoid jail.

Elizabeth Holmes, former CEO of Theranos, has been ordered to start her 11-year prison sentence on May 30 for defrauding investors in a blood-testing scam. She has also been ordered to pay $452 million in restitution, jointly liable with her former lover and top Theranos lieutenant, Ramesh “Sunny” Balwani. Holmes' lawyers asked for the revised prison-reporting date to give her time to sort out child care for her two young children. Holmes promised to revolutionize healthcare with a technology that could scan for hundreds of diseases with just a few drops of blood, but the blood tests never worked, resulting in the company's collapse.