Court rejects Elizabeth Holmes' motion to stay out of prison while on appeal

Disgraced Theranos founder Elizabeth Holmes has once again lost her bid to stay out of jail as she awaits trial for fraud.

The Associated Press

May 16, 2023

Theranos founder Elizabeth Holmes lost yet again her appeal to avoid prison for her fraud conviction in connection with a blood testing hoax which defrauded investors.

The U.S. Court of Appeals, Ninth Circuit, ruled in a ruling of one page that Holmes' appeal failed to show that her sentence would have been shorter or that her conviction would have been reversed if there had not been errors during her trial.

Holmes' 11 year prison sentence will begin roughly 20 years after her dropping out of Stanford University at the age of 19 to start Theranos. This is the same city in which William Hewlett founded his company in a garage bearing their names and sowed the seeds for Silicon Valley.

Holmes is free on bail after a jury found her guilty of four counts in January 2022. The verdict came after a four-month long trial that revolved around her fall from being a rising Silicon Valley celebrity to an alleged fraud artist who was chasing fame and wealth while fleecing Investors and endangering patients' health relying upon Theranos’ flawed blood tests.

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The Associated Press