Current:Home > ContactElizabeth Holmes' prison sentence has been delayed -ProfitPioneers Hub
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-27 17:47:33
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! (184)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- A Nebraska father who fatally shot his 10-year-old son on Thanksgiving pleads no contest
- An attacker wounds a police officer guarding Israel’s embassy in Serbia before being shot dead
- Orlando Cepeda, the slugging Hall of Fame first baseman nicknamed `Baby Bull,’ dies at 86
- Could your smelly farts help science?
- New Jersey governor signs budget boosting taxes on companies making over $10 million
- Former American Ninja Warrior Winner Drew Drechsel Sentenced to 10 Years in Prison for Child Sex Crimes
- FKA Twigs calls out Shia LaBeouf's request for more financial records
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Pair of giant pandas from China arrive safely at San Diego Zoo
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Sex Lives of College Girls’ Pauline Chalamet Is Pregnant, Expecting First Baby
- 'American Ninja Warrior' winner Drew Drechsel sentenced to 10 years for child sex crimes
- BBMak Is Back Here With a Rare Update 2 Decades After Their Breakup
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Minivan slams into a Long Island nail salon, killing 4 and injuring 9, fire official says
- Arson blamed for fire that destroyed historic home on Georgia plantation site
- Whose fault is inflation? Trump and Biden blame each other in heated debate
Recommendation
North Carolina justices rule for restaurants in COVID
Jewell Loyd scores a season-high 34 points as Storm cool off Caitlin Clark and Fever 89-77
8-year-old dies after being left in hot car by mother, North Carolina police say
Takeaways: How Trump’s possible VP pick shifted on LGBTQ+ issues as his presidential bid neared
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Chevron takeaways: Supreme Court ruling removes frequently used tool from federal regulators
Argentina, Chile coaches receive suspensions for their next Copa America match. Here’s why
Tropical Storm Beryl forms in the Atlantic Ocean, blowing toward the Caribbean Sea