Theranos founder Elizabeth Holmes must report to prison on May 30 and pay victims $452M

Elizabeth Holmes,Theranos,Business

Posted on AllSides May 17, 2023

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Former Theranos CEO Elizabeth Holmes walking back to her hotel following a March court hearing in San Jose, California. Photo: Philip Pacheco/Getty Images Theranos founder Elizabeth Holmes must begin serving her prison sentence by May 30 while she appeals her conviction on charges of defrauding investors in her failed blood-testing startup, a federal judge ruled Wednesday. Driving the news: U.S. District Court Judge Edward Davila issued the order after the United States Court of Appeals for the Ninth Circuit on Tuesday rejected Holmes' request to remain on bail as she...

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