In a one-page order issued Tuesday afternoon, the U.S. Court of Appeals for the 9th Circuit denied a motion by convicted Theranos founder and CEO Elizabeth Holmes to stay out of prison while she appeals her conviction for wire fraud.
The court ruled that Holmes had not raised a"substantial question" regarding the conduct of her trial or shown that any trial errors were likely to result in reversal or a sentence shorter than theIn January 2022, a jury convicted Holmes of misleading and defrauding investors about the capabilities of Theranos' blood-testing technology.
It will be up to Davila to set a new surrender date for Holmes now that her request has been denied. Holmes's appeal, per the 9th Circuit's order, will continue on its original schedule and will likely take several months or a year to be resolved.
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Appellate Court Rejects Elizabeth Holmes' Motion to Stay Out of PrisonIn a one-page order issued Tuesday afternoon, the U.S. Court of Appeals for the 9th Circuit denied a motion by convicted Theranos founder and CEO Elizabeth Holmes to stay out of prison while she appeals her conviction for wire fraud.
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Apellate court rejects Elizabeth Holmes' motion to stay out of prisonIn a one-page order issued Tuesday afternoon, the U.S. Court of Appeals for the 9th Circuit denied a motion by convicted Theranos founder and CEO Elizabeth Holmes to stay out of prison while she appeals her conviction for wire fraud.
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