Arab Press

بالشعب و للشعب
Wednesday, Jan 15, 2025

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

Arab Press
0:00
0:00
Close
Spain Proposes 100% Tax on Properties Purchased by Non-EU Residents
Rising Casualties and Intense Diplomacy: The Conflict in Gaza Continues
Joseph Aoun Elected as Lebanon's New President: Ending a Prolonged Power Vacuum
Joseph Aoun Elected Lebanon’s 14th President Amid Political Stalemate
Trump Signals Shake-Up at the Pentagon Amid Transition Concerns
U.S. Supreme Court Denies Trump's Last-Minute Bid to Block Sentencing in New York
Escalating Conflict in Gaza: Casualties Surge as Diplomatic Efforts Continue
Escalation in West Bank: Israeli Boy Killed in Palestinian Gun Attack
U.S. Supreme Court Denies Trump's Appeal to Delay Sentencing in New York Hush Money Case
Lancet Study Reveals Underestimation of Gaza War Death Toll by 40 Percent
Global Acclaim Follows Election of Lebanon's New President Joseph Aoun
Saudi Leaders Extend Congratulations to Joseph Aoun, New President of Lebanon
UN Accuses Israel of Restricting Humanitarian Aid in Northern Gaza
US Pledges $500 Million Military Aid Package to Ukraine
Ethiopia Endures a Series of Earthquakes in Brief Timespan
Joseph Aoun: Lebanon's Fourteenth President Amid a Legacy of Challenges
President Biden Reports Meaningful Progress on Gaza Agreement
Lancet Study Reveals Higher Gaza Death Toll than Official Reports
Global and Arab Welcome for Joseph Aoun's Election as Lebanon's President
Biden Cites 'Real Progress' in Gaza Deal Talks Amid Intense Negotiation Efforts
Escalation in Gaza: Casualties Rise Amidst Ongoing Negotiations
Escalating Conflict in Gaza: Casualties Surge as Negotiations Continue
Quaker Group Cancels NYT Ad Over Dispute on Gaza Terminology
IDF Imposes Media Restraints Amid Legal Concerns For Soldiers
Trump's Counter-terrorism Nominee Urges UK to Repatriate British IS Members from Syria
Uncovering Iraq's Mass Graves: A Haunting Search for the Missing
Kurdish Commander Appeals to Trump for Continued U.S. Military Presence in Syria
Global Powers Call for Stabilization Efforts in Syria Amid Transition
Syria at a Crossroads: The Unceremonious Collapse of the Assad Regime
Trump's Syria Conundrum: Staying Out May Be Easier Said Than Done
Syrian Rebel Leader Pledges to Dismantle Assad's Notorious Prisons
Escalation in Gaza: Increased Casualties Amid Ongoing Conflict
Dissecting Luxury: A Study of American Society in the Digital Age
Escalating Violence in Gaza as Ceasefire Negotiations Intensify
US Eases Missile Technology Export Regulations for Key Allies
Escalation in Gaza Conflict: Fatal Strikes and Escalation in the West Bank
Gaza Cola: A Palestinian Initiative Aimed at Rebuilding Amidst Conflict
Poland Shuts Consulate in Saint Petersburg Amid Rising Diplomatic Tensions
Miracle at Sea: Baby Born on Migrant Vessel Rescued by Spanish Coast Guard
Saudi Crown Prince Engages in Diplomatic Dialogue with Ukraine’s Zelensky
Israeli Military Recovers Body of Hostage in Gaza, Evidence Suggests Son Also Killed
Explosion at Ammunition Depot Rocks Syria's Idlib Region
Saudi Arabia Battling Unprecedented Floods Amid Torrential Rains
Cease-fire Negotiations in Qatar: No Timeline for Resolution
UN Seeks Additional $371.4 Million for Lebanon Amidst Ongoing Crisis
Saudi Arabia Continues Aid Bridge to Syria Amid Ongoing Crisis
Israel Declares West Bank a 'Primary Arena' of Threats Amid Escalating Conflict
U.S. Sanctions Shake Sudan's Political Landscape Amid Ongoing Conflict
Israeli Military Recovers Body of Hostage from Gaza
Violence Escalates as Al-Qaeda Militants Clash with Malian Army
×