London Daily

Focus on the big picture.

Court orders Theranos founder Elizabeth Holmes to go to prison

Court orders Theranos founder Elizabeth Holmes to go to prison

A court has ruled that disgraced Theranos founder Elizabeth Holmes must report to prison on 30 May, while she appeals against her fraud conviction.
Holmes, 39, had asked a judge to remain free while she fought against her jail sentence for a blood-testing hoax.

She was sentenced to over 11 years in prison after a jury last year found her guilty of defrauding investors.

In a separate ruling, US District Judge Edward Davila also ordered Holmes to pay $452m (£364m) to victims.

She will split the multi-million dollar payment with her former romantic and business partner, ex-Theranos boss Ramesh "Sunny" Balwani.

The BBC has reached out to Holmes' attorneys for comment.

Balwani was sentenced to 13 years in prison after being convicted on 12 counts of fraud and conspiracy last year. He began serving his sentence in April after losing his own attempt to remain free while appealing against his conviction.

The court has recommended Holmes serve her time behind bars at a federal minimum-security women's prison in Bryan, Texas.

Holmes had asked the Ninth Circuit Court of Appeals to delay her sentence days before she was supposed to report to prison last month.

The Theranos founder had said that she would raise "substantial questions" about her case that could warrant a new trial, an argument that Judge Davila had rejected.

"Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms Holmes' misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said at the time.

Holmes' attorneys also argued she should remain free while appealing against her case to care for her children.

The mother of two has been living in San Diego, California, with her partner, hotel heir William Evans, as well as their one-year-old son William and three-month-old daughter Invicta.

Once hailed as the "next Steve Jobs", Holmes was said to be the world's youngest self-made billionaire.

She started Theranos after dropping out of Stanford University. During her time leading the company, Holmes was able to raise millions of dollars from high-profile investors, including media mogul Rupert Murdoch, former Secretary of State Henry Kissinger and Oracle founder Larry Ellison.

But the start-up crashed in 2018 after investigations revealed its technology did not work. The blood-testing device was purported to be able to run a multitude of tests from just a few drops of blood.

The company's downfall was documented in a TV series, an HBO documentary and a podcast.
Newsletter

Related Articles

London Daily
0:00
0:00
Close
UK's Infected Blood Scandal: Conclusion Nears After Seven Years
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
Julian Assange Granted Right to Challenge US Extradition
Congo Army Thwarts Attempted Coup Involving Americans and a British Citizen
Ireland's Homeless Gain Voting Rights
Blinken orders crackdown on Israel-Hamas leaks
Julian Assange Faces US Extradition: Key Facts
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
What Happens If an Iranian President Dies in Office?
Spain Recalls Ambassador After Argentina President's Remarks
Rishi Sunak Faces Cabinet Backlash Over Proposed Changes to Foreign Student Visas
Rwanda Denies Entry to Human Rights Researcher
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
Blue Origin Resumes Space Tourism with 90-Year-Old Ed Dwight
Rishi Sunak and Wife Akshata Murty Wealthier Than King Charles
New Dutch Government Drives Wedge Through EU Liberals
Iranian President Raisi Missing After Helicopter Goes Down
Freemasons and ‘Global War Party’ Accused of Conspiring Against Georgia
Poland Supports Rolls-Royce's Nuclear Power Plant Initiative
European Ports Overflow with Unsold Electric Vehicles
Esprit Files for Bankruptcy in Europe, Putting Hundreds of Jobs at Risk
Chevron Halts North Sea Drilling Amid Rising Tax Burden
Jeremy Hunt Accused of Exaggerating Conservatives' Economic Record
Victoria Atkins Discusses Historical Gender Bias in the NHS
Dublin and Monaghan Bombings 50th Anniversary: Calls for Justice
Rishi Sunak and Akshata Murty’s Wealth Rises to £651 Million
New Caledonia Riots Escalate After French Voting Rights Change
Renters Face Fierce Competition as Listing Times Shrink
Surge in Fake Science: 19 journals shut down due to fraudulent papers from 'paper mills'
Global Birthrates Decline, Raising Economic and Social Concerns
Boeing Faces Possible Prosecution Over 737 MAX Settlement Violation
Prisoner Escapes in France as Two Officers Killed in Van Ambush
German Court Rules AfD Can Be Monitored for Extremism
Jacob Rees-Mogg Criticizes Bank of England’s Inflation Strategy
Prince Harry and Meghan Markle Promote Invictus Games in Nigeria
UK Arms Ban on Israel Would Aid Hamas, Says Cameron
US Regulators Probe Credit Card Reward Schemes
Labour Vows to End Rwanda Deportation Scheme/Scam
Exonerated Andrew Malkinson Faces Hardship Awaiting Compensation
India Poised to Surpass Japan as 4th Largest Economy
UN General Assembly Approves Palestinian Membership Bid
Biden to Impose Tariffs on Chinese Electric Vehicles
Cyberattack Disrupts Major US Healthcare Network
McDonald's Introduces $5 Meal Deal to Attract Customers
Protesters Attempt to Storm Tesla's German Factory
The United Kingdom reports it has emerged from recession
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
×