Current:Home > NewsElizabeth Holmes' prison sentence has been delayed -Visionary Wealth Guides
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-16 19:38:53
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! (593)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- US viewers’ Olympics interest is down, poll finds, except for Simone Biles
- Alicia Vikander Privately Welcomed Another Baby With Husband Michael Fassbender
- Polyamory, pregnancy and the truth about what happens when a baby enters the picture
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Yellowstone shuts down Biscuit Basin for summer after hydrothermal explosion damaged boardwalk
- What Kourtney Kardashian Has Said About Son Mason Disick Living a More Private Life
- A woman shot her unarmed husband 9 times - 6 in the back. Does she belong in prison?
- All That You Wanted to Know About She’s All That
- Who has won most Olympic gold medals at Summer Games?
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Man arrested on arson charge after Arizona wildfire destroyed 21 homes, caused evacuations
- Remains identified of Wisconsin airman who died during World War II bombing mission over Germany
- Whistleblower tied to Charlotte Dujardin video 'wants to save dressage'
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 10 to watch: Why Olympian Jahmal Harvey gives USA Boxing hope to end gold-medal drought
- Former Uvalde school police officer pleads not guilty to child endangerment in shooting
- Newsom issues executive order for removal of homeless encampments in California
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Where Joe Manganiello Stands on Becoming a Dad After Sofía Vergara Split
Multiple crew failures and wind shear led to January crash of B-1 bomber, Air Force says
Powerball winning numbers for July 24 drawing: Jackpot at $114 million
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Rob Lowe’s Son John Owen Shares Why He Had a Mental Breakdown While Working With His Dad
Small stocks are about to take over? Wall Street has heard that before.
Fajitas at someone else's birthday? Why some joke 'it's the most disrespectful thing'