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Search resuls for: "— Elizabeth Holmes"


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Elizabeth Holmes is now scheduled to report to prison May 30 to begin serving her 11-year sentence. The disgraced Theranos founder must head to prison on May 30 to begin serving her more than 11-year sentence, a judge ordered Wednesday. She was originally scheduled to report to prison on April 27 but was able to delay the start of her sentence. The judge in her case, Judge Edward J. Davila, signed off on the requested date, ordering that Holmes report to prison no later than 2 p.m. on May 30. Besides their prison sentences, Holmes and Balwani have also been ordered to pay $452 million in restitution to victims of their fraud and conspiracy at Theranos.
SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings. The sentence capped a yearslong saga that has captivated the public and ignited debates about Silicon Valley’s culture of hype and exaggeration. Judge Edward J. Davila of the U.S. District Court for the Northern District of California sentenced Ms. Holmes to 135 months in prison, which is slightly more than 11 years, followed by three years of supervised release. Ms. Holmes, 38, who plans to appeal, must surrender to custody on April 27, 2023. In the courtroom on Friday, Ms. Holmes — who appeared with a large group of friends and family, including her parents and her partner, Billy Evans — cried when she read a statement to the judge.
Persons: — Elizabeth Holmes, Holmes, Edward J, Davila, Holmes —, Billy Evans — Organizations: JOSE, Calif, U.S, Northern, Northern District of Locations: Northern District, Northern District of California
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