Holmes is expected to begin serving her sentence of 11 years and three months on April 27.
her to 11 years and three months in prison after she was convicted by a jury of three counts of wire fraud and one count of conspiracy to defraud investors.on Monday, Davila said Holmes failed to show that her appeals process will result in a reversal or retrial of “all counts on which imprisonment has been imposed.”
The judge noted that Holmes’ “misrepresentations to Theranos investors involved more than just whether Theranos technology ‘worked as promised,’” rejecting her argument that the “accuracy and reliability” of Theranos’ blood tests were the main cause behind her conviction.Holmes has been ordered to begin serving her sentence from April 27. Holmes has filed a plea with the Ninth Circuit Court of Appeals to review the conviction.
allowing Holmes to remain free, alleging she was a flight risk. However, Davila noted in his ruling that Holmes is “not a flight risk or a danger to the safety of the community.”The 39-year-old former billionaire is the founder of Theranos, a failed blood-testing startup that promised a major medical breakthrough.
in 2015, prompting a wider investigation. Both Holmes and her business partner Sunny Balwani were hit with federal criminal charges in 2018.
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