Category: Holmes

Elizabeth Holmes Will Start 11-year Prison Sentence on May 30 After Losing Her Bid to Remain Free

May 17, 2023
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SAN FRANCISCO—Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam. U.S. District Judge Edward Davila set Holmes’ revised prison-reporting date after her lawyers proposed it in a Wednesday filing….

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Elizabeth Holmes Loses Latest Bid to Avoid Prison and Gets Hit With $452 Million Restitution Bill

May 17, 2023
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SAN FRANCISCO—Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. In another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered Holmes…

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Elizabeth Holmes Delays Going to Prison With Another Appeal

April 26, 2023
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SAN FRANCISCO—Disgraced Theranos CEO Elizabeth Holmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month. Holmes’ lawyers on Wednesday informed U.S. District Judge Edward Davila that she won’t be reporting to prison…

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Holmes’ Former Partner Gets Nearly 13 Years in Theranos Case

December 9, 2022
BalwaniBusiness & MarketsCompaniesCrime and IncidentsHolmesLocal NewsRegional-Local NewssentencedtheranosUSUS News
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SAN JOSE, Calif.—Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role in the company’s blood-testing hoax — a punishment slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals. Balwani, 57, was convicted in July…

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