Disgraced Theranos founder and convicted fraudster Elizabeth Holmes looks bound for prison time after an appeals court rejected her bid to remain free.
Holmes is being held jointly liable for that amount with her former lover and top Theranos lieutenant, Ramesh “Sunny” Balwani, who is already in prison after being convicted on a broader range of felonies in a separate trial.
The Ninth Circuit Court of Appeals decision on Holmes’ attempt to avoid prison comes nearly three weeks after she deployed a last-minute legal maneuver to delay the start of her 11-year sentence. File/ NBC News Special Anchor Maria Shriver and Theranos Founder and C.E.O. Elizabeth Holmes speak onstage during “True Blood – Diagnostics in the New Age” at the Vanity Fair New Establishment Summit on October 6, 2015 in San Francisco, California. Holmes, 39, was convicted at trial in San Jose, California, in 2022 and sentenced to 11 years and three months in prison, as Breitbart NewsDisgraced Theranos founder Elizabeth Holmes’ prison sentence has been delayed.
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