Elizabeth Holmes to begin 11-year prison sentence on May 30, ordered to pay $452 million in restitution.

Elizabeth Holmes, the disgraced CEO of Theranos, will begin her 11-year prison sentence on May 30 after losing her appeal to remain free while she attempts to overturn her conviction on four felony counts of fraud and conspiracy. She was also ordered to pay $452 million in restitution. Holmes' lawyers requested 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 technology never worked, resulting in the company's collapse.