Elizabeth Holmes Will Start 11-year Prison Sentence on May 30 After Losing Her Bid to Remain Free
SAN FRANCISCO—Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam.
U.S. District Judge Edward Davila set Holmes’ revised prison-reporting date after her lawyers proposed it in a Wednesday filing. It came after a federal appeals court late Tuesday rejected Holmes’ bid to remain out of prison while she attempts to overturn her January 2022 conviction on four felony counts of fraud and conspiracy.
The punishment also includes a $452 million restitution bill that Davila ordered Holmes to pay in a separate ruling issued late Tuesday….