Judge Denies Theranos Founder Elizabeth Holmes Appeal To Remain Free

CBS San Francisco

April 11, 2023

SAN FRANCISCO -- Disgraced Theranos founder Elizabeth Holmes has lost her bid to remain out of federal prison while appealing her conviction for defrauding investors out of millions in one of Silicon Valley's most noteworthy startup failures.

Judge Edward Davila handed down his decision on Monday and leaves Holmes with just a plea to the 9th Circuit Court of Appeals to delay her April 27 date to surrender to begin her 11-year prison sentence.

But earlier this month, the 9th Circuit rejected an effort by convicted Theranos executive and former Holmes boyfriend Ramesh "Sunny" Balwani to delay serving his prison term until his appeal is decided.

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