Current:Home > ScamsElizabeth Holmes' prison sentence has been delayed -Visionary Wealth Guides
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-11 12:57:33
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! (11)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Horoscopes Today, September 28, 2024
- Key Senate race in Arizona could hinge on voters who back Trump and the Democratic candidate
- 7UP clears up rumors about mocktail-inspired flavor, confirms Shirley Temple soda is real
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Handing out MLB's 2024 awards: Shohei Ohtani, Aaron Judge earn MVPs for all-time seasons
- A handcuffed Long Island man steals a patrol car after drunk driving arrest, police say
- In the Fight to Decide the Fate of US Steel, Climate and Public Health Take a Backseat to Politics
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- New rules regarding election certification in Georgia to get test in court
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- An asteroid known as a 'mini-moon' will join Earth's orbit for 2 months starting Sunday
- Kristin Cavallari splits with 24-year-old boyfriend Mark Estes after 7 months
- Ohio Senate Candidates Downplay Climate Action in Closely Contested Race
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Earthquake registering 4.2 magnitude hits California south of San Francisco
- Powerball winning numbers for September 28: Jackpot at $258 million
- MLB playoff field almost set as Mets and Braves will determine two NL wild-card spots
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Kris Kristofferson, legendary singer-songwriter turned Hollywood leading man, dies at 88
California wildfire flareup prompts evacuation in San Bernardino County
Vance criticized an infrastructure law as a candidate then embraced it as a senator
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
MLB playoff field almost set as Mets and Braves will determine two NL wild-card spots
Kathie Lee Gifford says Hoda Kotb's 'Today' show exit is 'bittersweet'
Amal and George Clooney Share the Romantic Way They’re Celebrating 10th Wedding Anniversary