Current:Home > StocksElizabeth Holmes' prison sentence has been delayed -Secure Horizon Growth
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-15 14:13:57
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! (8848)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Philips sleep apnea machines can overheat, FDA warns
- The body of a missing 7-year-old boy was recovered in a pond near his Texas home
- Bachelor Nation's Tyler Cameron Earns a Rose for Gift Giving With These Holiday Picks
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Germany arrests French woman who allegedly committed war crimes after joining IS in Syria
- Louisiana’s tough-on-crime governor-elect announces new leaders of state police, national guard
- Taylor Swift is Spotify's most-streamed artist. Who follows her at the top may surprise you.
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Kraft introduces new mac and cheese option without the cheese
- Network founded by Koch brothers endorses Nikki Haley for president
- Businesses where George Floyd was killed sue Minneapolis, saying police are not protecting the area
- Why members of two of EPA's influential science advisory committees were let go
- NASCAR inks media rights deals with Fox, NBC, Amazon and Warner Bros. What we know
- Daryl Hall accuses John Oates of ‘ultimate partnership betrayal’ in plan to sell stake in business
- When stars are on stage, this designer makes it personal for each fan in the stadium
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Kylie Jenner Got a Golden Ticket to Timothée Chalamet's Wonka Premiere After-Party
Total GivingTuesday donations were flat this year, but 10% fewer people participated in the day
Texas man sentenced 2 years in prison for threatening Georgia election workers after 2020 election
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Vice President Harris will attend COP28 climate conference in Dubai
Is there playoff chaos coming or will it be drama-free? | College Football Fix
Supreme Court conservatives seem likely to axe SEC enforcement powers