Theranos founder Elizabeth Holmes to finally head to prison after losing appeal, as court also orders $452M in restitution
- Theranos founder Elizabeth Holmes declined her request to stay out of prison while appealing her conviction and has been ordered to pay a total of $452 million in restitution to investors.
- Elizabeth Holmes must surrender to authorities and begin her 11-year prison sentence on May 30th for defrauding investors in her failed blood-testing company Theranos.
- The largest portion of the restitution, $125 million, will be paid to media mogul Rupert Murdoch, who invested heavily in Theranos.
- Elizabeth Holmes' partner, Sunny Balwani, has already begun serving his nearly 13-year prison sentence for his role in the Theranos fraud.
- Elizabeth Holmes was once hailed as a visionary but now infamous for perpetrating one of the largest Silicon Valley scams.
































