Current:Home > MyElizabeth Holmes' prison sentence has been delayed -FutureFinance
Elizabeth Holmes' prison sentence has been delayed
Johnathan Walker View
Date:2025-04-06 21:57:41
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! (112)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- 1 adult fatally shot at a youth flag football game in Milwaukee
- Sean 'Diddy' Combs accuser says 'clout chasing' is why her lawyers withdrew from case
- Here's what's open, closed on Columbus Day and Indigenous Peoples' Day 2024
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Urban Outfitters Apologizes for High Prices and Lowers Costs on 100 Styles
- Quentin Tarantino's 'Pulp' players: A guide to the actors who make his 'Fiction' iconic
- Asheville residents still without clean water two weeks after Helene
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Teddi Mellencamp Details the Toughest Part of Her Melanoma Battle: You Have Very Dark Moments
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Dodgers vs Mets live updates: NLCS Game 1 time, lineups, MLB playoffs TV channel
- Trump’s campaign crowdfunded millions online in an untraditional approach to emergency relief
- Trump hears at a Latino campaign event from someone who lived in the US illegally
- Trump issues order to ban transgender troops from serving openly in the military
- Marvin Harrison Jr. injury update: Cardinals WR exits game with concussion vs. Packers
- Climate Disasters Only Slightly Shift the Political Needle
- Horoscopes Today, October 13, 2024
Recommendation
South Korean president's party divided over defiant martial law speech
Kansas tops AP Top 25 preseason men’s basketball poll ahead of Alabama, defending champion UConn
Bethany Hamilton Makes Plea to Help Her Nephew, 3, After Drowning Incident
Ruth Chepngetich smashes woman's world record at Chicago Marathon
The Super Bowl could end in a 'three
Washington state’s landmark climate law hangs in the balance in November
Texas still No. 1, Ohio State tumbles after Oregon loss in US LBM Coaches Poll after Week 7
‘The View’ abortion ad signals wider effort to use an FCC regulation to spread a message