Friday, 14 Jun 2024

Elizabeth Holmes must report to prison by May 30


Elizabeth Holmes must report to prison by May 30

Elizabeth Holmes must report to prison by May 30, a judge said on Wednesday, after her last-minute bid to avoid starting her sentence was denied by an appellate court a day earlier.

In a filing Wednesday, Judge Edward Davila, who presided over her trial, ordered Holmes to turn herself in to the Bureau of Prisons by May 30 to begin serving out her 11-year sentence for defrauding investors while running the failed blood-testing startup Theranos.

Holmes was previously ordered to begin her sentence on April 27. Days before she was set to begin her prison term, however, Holmes filed a last-minute appeal with the Ninth Circuit Court of Appeals, seeking to remain free on bail while she fought to overturn her conviction.

In a Tuesday filing, the Ninth Circuit court denied her request to remain free on bail pending her appeal. In a filing on Wednesday, attorneys for Holmes asked Davila to set a new surrender date of May 30, stating that she needed to make preparations including medical and child-care arrangements ahead of beginning her sentence. Davila later agreed to the new surrender date.

The district court previously recommended that she serve out her term at Federal Prison Camp in Bryan, Texas.

Separately on Tuesday, Davila ordered Holmes and her ex-boyfriend and former Theranos COO Ramesh "Sunny" Balwani to pay restitution of roughly $452 million to victims of their crimes. Holmes and Balwani "will be jointly and severally liable for this sum," Davila wrote in the filing, meaning each could be individually liable for the entire amount.

Balwani was indicted alongside Holmes and convicted of fraud in a separate trial. He reported to prison last month to begin serving out his nearly 13-year sentence, after losing a last-minute appeal similar to Holmes.

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