NewsNationalScripps News

Actions

Theranos founder Elizabeth Holmes avoids reporting to prison, for now

Elizabeth Holmes will remain out of prison until an Appeals Court rules on the date she should report to prison.
Theranos founder Elizabeth Holmes avoids reporting to prison, for now
Posted at 5:25 PM, Apr 26, 2023
and last updated 2023-04-26 17:25:29-04

Elizabeth Holmes got a last-minute reprieve that will keep her out of prison for the time being.

According to The Associated Press, lawyers for Holmes informed U.S. District Judge Edward Davila that they are appealing the decision which would have forced Holmes to report to prison on April 27.

It's unclear when the Appeals Court will rule on the appeal, but it could keep her out of prison for at least several weeks.

Holmes is the founder of the blood testing company Theranos. 

She was convicted of wire fraud and conspiracy last year and sentenced to 11 years in prison.

Prosecutors said Holmes defrauded investors out of over $100 million during her years running a company that promoted a blood-testing device that never worked. 

SEE MORE: Theranos founder settles SEC lawsuit, forfeits company control

Davila is said to have recommended that Holmes serve out her sentence at the Federal Prison Camp in Bryan, Texas, according to court filings. 

The facility is a minimum-security women's prison that sits about 100 miles outside of Houston and holds nearly 600 inmates on a 37-acre piece of land.

Holmes will go to prison leaving behind two young children. She gave birth to her first child in July 2021. She told the court in March that she had just given birth to her second child.


Trending stories at Scrippsnews.com