Current:Home > FinanceElizabeth Holmes' prison sentence has been delayed -StockPrime
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-15 08:57:53
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! (74)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- What causes motion sickness? Here's why some people are more prone.
- Watch these puppies enjoy and end-of-summer pool party
- Highway crash injures 8 Southern California firefighters
- New data highlights 'achievement gap' for students in the US
- North Carolina Republican governor candidate Mark Robinson vows to stay in race despite media report
- Michael Madsen requests divorce, restraining order from wife DeAnna following his arrest
- Titan submersible testimony to enter fourth day after panel hears of malfunction and discord
- Why members of two of EPA's influential science advisory committees were let go
- Jets' Aaron Rodgers, Robert Saleh explain awkward interaction after TD vs. Patriots
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Justin Theroux Reveals How He and Fiancée Nicole Brydon Bloom First Met
- Caitlin Clark, Indiana Fever face Connecticut Sun in first round of 2024 WNBA playoffs
- What is world's biggest cat? Get to know the largest cat breed
- Highlights from Trump’s interview with Time magazine
- When are Walmart Holiday Deals dates this year? Mark your calendars for big saving days.
- Don't fall for this: The fake QR code scam that aims to take your money at parking meters
- YouTuber MrBeast, Amazon sued by reality show contestants alleging abuse, harassment
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Senator’s son to appear in court to change plea in North Dakota deputy’s crash death
‘They try to keep people quiet’: An epidemic of antipsychotic drugs in nursing homes
Road work inspector who leaped to safety during Baltimore bridge collapse to file claim
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Krispy Kreme brings back pumpkin spice glazed doughnut, offers $2 dozens this weekend
Republicans are trying a new approach to abortion in the race for Congress
Breece Hall vs. Braelon Allen stats in Week 3: Fantasy football outlook for Jets RBs
Like
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Attorney Demand Letter Regarding Unauthorized Use and Infringement of [ASCENDANCY Investment Education Foundation's Brand Name]
- Tomorrow X Together's Yeonjun on solo release: 'I'm going to keep challenging myself'