Elizabeth Holmes to Begin Prison Sentence and Pay Restitution by May 30
TL;DR Summary
Elizabeth Holmes, founder of Theranos, has been given until May 30 to report to prison by a federal judge in California. Holmes' lawyers requested the delay to make "medical and child-care arrangements." She has also been ordered to pay $452 million in restitution to victims of Theranos' fraud. Holmes' last-ditch bid to stay out of prison while she appeals her conviction on multiple counts of defrauding investors was denied by a federal appeals court.
- Elizabeth Holmes must start prison term May 30, court rules CBS News
- Theranos founder Elizabeth Holmes loses bid to avoid prison, required to pay $452 million in restitution Fox Business
- Elizabeth Holmes must report to prison by May 30 CNN
- Elizabeth Holmes and her ex-boyfriend and Theranos business partner have to pay $452 million in restitution, including $125 million to Rupert Murdoch msnNOW
- Theranos founder Elizabeth Holmes ordered to report to prison May 30 Fox Business
Reading Insights
Total Reads
0
Unique Readers
15
Time Saved
1 min
vs 2 min read
Condensed
80%
366 → 74 words
Want the full story? Read the original article
Read on CBS News