Current:Home > ContactElizabeth Holmes' prison sentence has been delayed -Ascend Finance Compass
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-18 14:26:45
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! (29)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Liam Payne hospitalized for kidney infection, cancels upcoming concerts: 'Need to rest'
- Dallas Cowboys owner Jerry Jones explains Trey Lance trade with 49ers
- Steve Miller recalls late '60s San Francisco music having 'a dark side' but 'so much beauty'
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- 'Walking with our ancestors': Thousands fighting for civil rights attend March on Washington
- Dozens of wildfires burn in Louisiana amid scorching heat: This is unprecedented
- 3 people are injured, 1 critically, in a US military aircraft crash in Australia, officials say
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Why the Duck Dynasty Family Retreated From the Spotlight—and Are Returning on Their Own Terms
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Travis Barker Kisses Pregnant Kourtney Kardashian's Bare Baby Bump in Sweet Photo
- Little League World Series championship game: Time, TV channel, live stream, score, teams
- Trump's social media attacks bring warnings of potential legal consequences
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Taylor Swift Shows Support for BFF Selena Gomez in the Sweetest Way After Single Soon Release
- Check Out the Most Surprising Celeb Transformations of the Week
- Orioles place All-Star closer Félix Bautista on injured list with elbow injury
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Trump campaign reports raising more than $7 million after Georgia booking
Kathy Griffin shocks her husband with lip tattoo results: 'It's a little swollen'
Spanish soccer player rejects official's defiance after unsolicited kiss
Nevada attorney general revives 2020 fake electors case
Video shows rest of old I-74 bridge over Mississippi River removed by explosives
Kentucky high school teens charged with terroristic threats after TikTok challenge
Spanish soccer player rejects official's defiance after unsolicited kiss