Current:Home > ScamsElizabeth Holmes' prison sentence has been delayed -WorldMoney
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-14 01:00:13
Disgraced Theranos CEO Elizabeth Holmes will not be starting prison yet.
Under rules from the 9th U.S. Circuit Court of Appeals, Holmes' surrender date, scheduled for Thursday, has been automatically delayed until the court rules on her appeal.
The delay is routine for 9th Circuit appeals and was expected by all parties.
A spokesman for the U.S. Attorney's Office for the Northern District of California declined to comment.
It comes five months after a federal judge sentenced Holmes to 11 years behind bars for misleading investors about her blood-testing startup, which landed her on the cover of national magazines and made her a darling of Silicon Valley.
Holmes, 39, the mother of two, had been set to turn herself over to the U.S. Marshal's Office, which would transfer her to a federal prison facility.
The court recommended the Federal Prison Camp at Bryan, Texas, about 100 miles outside of Houston, where Holmes has family.
While it is unclear when the appeals court will rule on Holmes' latest effort to undo her conviction, her co-defendant, Ramesh "Sunny" Balwani, the No. 2 at Theranos, was able to postpone his sentence by about a month due to a similar automatic appeals court delay.
Balwani is currented incarcerated at a federal prison on Terminal Island in San Pedro, Calif.
Earlier this month, U.S. District Judge Edward Davila, who presided over Holmes' trial, found that her appeal did not raise "substantial questions of law or fact," and that she should not be allowed to remain out on bail as she fights her conviction.
But Holmes' freedom is now in the hands of the Ninth Circuit.
Last January, Holmes was convicted of fraud and conspiracy for duping investors about technology that she boasted would revolutionize how blood testing is performed by testing for hundreds of conditions with just a pinprick of blood.
But the technology never worked as promised. For instance, prosecutors showed that Holmes relied on altered third-party machines, not the company's own proprietary devices, to conduct blood tests, which were often riddled with inaccuracies.
During the trial, Holmes expressed regret and said she wished she had operated the company differently.
"Every day for the past years I have felt deep pain for what people went through because I failed them," Holmes said at the time.
Lawyers for Holmes argued that she was being unfairly punished for running a business that failed, and that she made a good faith attempt to succeed before the company imploded.
Holmes' lawyers asked the judge for home confinement and community service and no more than a year in a half in prison, citing her toddler and now newborn child who need care.
Prosecutors asked the judge that Holmes be sentenced to 15 years, arguing that she "chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors."
Ultimately, Davila handed down a prison term of 11 years.
"This is a fraud case where an exciting venture went forward with great expectations and hope only to be dashed by untruth, misrepresentations, hubris, and plain lies," said Davila last November before announcing his punishment.
"I suppose we step back and we look at this, and we think what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case."
veryGood! (4)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Cousins leaves Vikings for big new contract with Falcons in QB’s latest well-timed trip to market
- Libraries struggle to afford the demand for e-books, seek new state laws in fight with publishers
- Special counsel Hur is set to testify before a House committee over handling of Biden documents case
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Weezer to celebrate 30th anniversary of 'Blue Album' on concert tour with The Flaming Lips
- New technology allows archaeologists to use particle physics to explore the past
- Across the Nation, Lawmakers Aim to Ban Lab-Grown Meat
- Intel's stock did something it hasn't done since 2022
- Horoscopes Today, March 10, 2024
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- F1 Arcade set to open first U.S. location in Boston; Washington, D.C. to follow
- Social Security benefits could give you an extra $900 per month. Are you eligible?
- TEA Business College Thought Leaders
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Florida teachers can discuss sexual orientation and gender ID under ‘Don’t Say Gay’ bill settlement
- Olympic Gymnast Nastia Liukin Reveals Her Advice to Team USA Before 2024 Paris Games
- Luca Nardi, ranked No. 123 in the world, knocks out No. 1 Novak Djokovic at Indian Wells
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Kate Beckinsale shares photos from the hospital, thanks 'incredible' mom for her support
US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts
Save Our Signal! Politicians close in on votes needed to keep AM radio in every car
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Christina Applegate says she lives 'in hell' amid MS battle, 'blacked out' at the Emmys
What is the best protein powder? Here's what a dietitian says about the 'healthiest' kind.
Philadelphia’s Chinatown to be reconnected by building a park over a highway