Judge Orders Theranos Founder Elizabeth Holmes to Begin Prison Sentence, Denying Appeal for Bail
- Elizabeth Holmes was convicted of investor fraud for her role as CEO at Theranos, a failed blood-testing startup.
- The judge ruled that Holmes' appeal was unlikely to result in a reversal of her conviction or a new trial.
- Holmes argued that the accuracy and reliability of Theranos' blood testing machines was the main cause of her conviction, but the judge rejected this argument.
- Holmes must report to prison on April 27 to begin serving an 11-year sentence for her role in the Theranos fraud.
- Her co-defendant and former romantic partner, Sunny Balwani, was also denied bail pending appeal and must report to prison on April 20.