Current:Home > MarketsElizabeth Holmes' prison sentence has been delayed -CapitalWay
Elizabeth Holmes' prison sentence has been delayed
View
Date:2025-04-17 00:55:35
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! (82)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Proof Matty Healy Is Already Bonding With Taylor Swift’s Family Amid Budding Romance
- Fox News sends Tucker Carlson cease-and-desist letter over his new Twitter show
- Global Warming Is Messing with the Jet Stream. That Means More Extreme Weather.
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Short on community health workers, a county trains teens as youth ambassadors
- Mayor Eric Adams signs executive order protecting gender-affirming care in New York City
- U.S. Nuclear Fleet’s Dry Docks Threatened by Storms and Rising Seas
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Why Gratitude Is a Key Ingredient in Rachael Ray's Recipe for Rebuilding Her Homes
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Meet the Country Music Legend Replacing Blake Shelton on The Voice
- Debunking Climate Change Myths: A Holiday Conversation Guide
- Mall operator abandons San Francisco amid retail exodus from city
- DoorDash steps up driver ID checks after traffic safety complaints
- More than half of employees are disengaged, or quiet quitting their jobs
- Kit Keenan Shares The Real Reason She’s Not Following Mom Cynthia Rowley Into Fashion
- The Bachelor's Colton Underwood Marries Jordan C. Brown in California Wedding
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Minnesota Groups Fear Environmental Shortcuts in Enbridge’s Plan to Rebuild Faulty Pipeline
How Tom Brady Honored Exes Gisele Bündchen and Bridget Moynahan on Mother's Day 2023
How Tom Brady Honored Exes Gisele Bündchen and Bridget Moynahan on Mother's Day 2023
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Short on community health workers, a county trains teens as youth ambassadors
Paul McCartney says AI was used to create new Beatles song, which will be released this year
In county jails, guards use pepper spray, stun guns to subdue people in mental crisis