In 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.
The U.S. Court of Appeals denied Theranos CEO Elizabeth Holmes' motion to stay out of prison while she appeals her conviction for wire fraud.In a one-page order issued Tuesday afternoon, the U.S.
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. In another ruling issued late Tuesday, Davila ordered Holmes to pay $452 million in restitution to the victims of her crimes. 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.
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Elizabeth Holmes and Sunny Balwani's relationship timelineTheranos founder Elizabeth Holmes is awaiting her 11-year prison sentence. Here's a timeline of her relationship with her co-defendent and ex-boyfriend, Sunny Balwani.
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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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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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