Particle.news

Download on the App Store

Judge Orders Theranos Founder Elizabeth Holmes to Begin Prison Sentence, Denying Appeal for Bail

  • Elizabeth Holmes was convicted of investor fraud for her role as CEO at Theranos, a failed blood-testing startup.
  • The judge ruled that Holmes' appeal was unlikely to result in a reversal of her conviction or a new trial.
  • Holmes argued that the accuracy and reliability of Theranos' blood testing machines was the main cause of her conviction, but the judge rejected this argument.
  • Holmes must report to prison on April 27 to begin serving an 11-year sentence for her role in the Theranos fraud.
  • Her co-defendant and former romantic partner, Sunny Balwani, was also denied bail pending appeal and must report to prison on April 20.
Hero image