Elizabeth Holmes Loses Bid to Stay Free During Appeal
The Theranos fraudster has been sentenced to 11 years in federal prison.
Carlos Barria/Reuters
A federal appeals court has shot down Theranos fraudster Elizabeth Holmes’ bid to stay out of prison while she appeals her conviction. It’s not clear when Holmes, who was supposed to be jailed April 27 before she asked to remain free, will have to report to serve her 11-year term for bilking investors in her blood-testing company. The court has recommended that the married mother of two young children—both born after she was charged—does her time at a federal prison camp in Bryan, Texas, where families can visit.
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