The court decision on Holmes' attempt to avoid prison comes nearly three weeks after she deployed a legal maneuver to delay the start of her 11-year sentence.
The trial's most riveting moments unfolded when Holmes took the witness stand to testify in her own defense.
While pursuing that audacious ambition, Holmes raised nearly $1 billion from a list of well-heeled investors that included Oracle co-founder Larry Ellison and media mogul Rupert Murdoch. Those sophisticated investors all lost their money after a Wall Street Journal investigation and regulatory reviews exposed dangerous flaws in Theranos' technology.
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Elizabeth Holmes loses bid to avoid prison and is hit with $452-million restitution billElizabeth Holmes appears to be bound for prison soon after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.
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Elizabeth Holmes loses bid to avoid prison, hit with $452 million restitution billAn appeals court has rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.
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Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452M restitution billIn another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered disgraced Theranos founder Elizabeth Holmes to pay $452 million in restitution to the victims of her crimes.
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Court denies Elizabeth Holmes' bid to avoid prison during appealIn 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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Elizabeth Holmes loses final bid to delay imprisonmentThe U.S. Court of Appeals for the Ninth Circuit, which is hearing her appeal, said Holmes’ appeal failed to raise a substantial question of law or fact.
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