Elizabeth Holmes sentenced to 11 years in prison for her Theranos fraud
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Theranos founder Elizabeth Holmes must report to prison on May 30th.
US District Court Judge Edward Davila has denied Holmes’ request to stay out of prison while she appeals her fraud conviction and 11 year sentence, saying she must report to prison by 2PM ET on May 30th, 2023.
Separately, a ruling on Monday set the restitution owed by Holmes and former Theranos CEO Ramesh “Sunny” Balwani at $452 million. Despite the years and the dollars, however, as Elizabeth Lopatto wrote last year: Elizabeth Holmes’ verdict won’t change Silicon Valley.
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