Tuesday, May 16, 2023

Theranos founder Elizabeth Holmes must go to prison while she appeals sentence

Theranos founder Elizabeth Holmes must begin serving her prison sentence while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup, an appeals court in San Francisco ruled on Tuesday.

Holmes, who rose to fame after claiming Theranos’ small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California, last year and sentenced to 11 years and three months in prison.

She had asked the 9th U.S. Circuit court of appeals to pause her sentence on 25 April, two days before she was to report to prison. The court on Tuesday denied her bail application.

This is a breaking news story, check back for updates



from Hacker News https://ift.tt/QIUej32

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