The disgraced Theranos founder asked to remain free while she appeals her fraud conviction.
must report to prison later this month while she appeals her conviction for fraud, a judge ruled Monday.that there wasn’t enough evidence to allow the disgraced Theranos founder to stay out of prison during her appeal.In his ruling, Davila stated that the court was unable to find that Holmes has “raised a ‘substantial question of law or fact’” that could result in a reversal or new trial.
Holmes, who founded Theranos in 2003, rose to fame after falsely claiming that the company’s blood-testing machines could diagnose a wide range of conditions from just a single drop of blood. She was convicted in January 2022 on one count of conspiracy to commit wire fraud against Theranos investors and three counts of wire fraud. In November, Davila sentenced Holmes
in prison for her role in defrauding her company’s investors. She is scheduled to surrender to authorities on April 27.Advertisement
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