Disgraced Theranos CEO Elizabeth Holmes will report to jail on May 30
Former Theranos CEO Elizabeth Holmes (C) arrives at federal courtroom along with her associate Billy Evans (R) and mom Noel Holmes on November 18, 2022 in San Jose, California.
Justin Sullivan | Getty Pictures
Elizabeth Holmes, the disgraced CEO of Theranos, should report back to jail on Could 30, in keeping with a ruling issued Wednesday by US District Choose Edward Davila. Holmes should report back to jail no later than 2:00pm native time on that day, and is predicted to start her 11-year sentence at a minimum-security facility in Bryan, Texas.
On Tuesday, an appeals courtroom rejected Holmes’ bid to remain out of jail whereas she appeals her conviction. In one other Tuesday ruling, Choose Davila ordered that Holmes and former Theranos govt Ramesh “Sunny” Balwani pay $452 million in restitution to victims.
Final yr, a federal jury in San Jose, California, convicted Holmes on 4 counts of defrauding traders in Theranos, and in November, Choose Davila sentenced her to 11 years and three months in jail.
Holmes, 39, has two youngsters, the primary of whom was born earlier than her fraud trial in 2021. The second was born after her sentencing.
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