Elizabeth Holmes denied request to avoid prison and faces massive restitution bill.
TL;DR Summary
Elizabeth Holmes, former CEO of Theranos, has lost her latest bid to avoid prison and has been hit with a $452 million restitution bill. The Ninth Circuit Court of Appeals rejected her attempt to remain free while she tries to overturn her conviction in a blood-testing hoax. U.S. District Judge Edward Davila ordered Holmes to pay the restitution to the victims of her crimes. 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.
- Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill CNBC
- Court denies Elizabeth Holmes' motion to stay out of prison as she appeals her conviction ABC7 News Bay Area
- 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
- Theranos founder Holmes loses bid to stay out of prison, hit with huge restitution bill Yahoo News Canada
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