Legal
Elizabeth Holmes Loses Final Bid to Stay Out of Prison
- Holmes proposes to begin serving her 11 1/4-year term May 30
- Judge orders Holmes, Balwani to pay $452 million restitution
Elizabeth Holmes arrives at federal court in San Jose, California, on March 17.
Photographer: Benjamin Fanjoy/BloombergThis article is for subscribers only.
Elizabeth Holmes lost her final request to remain free on bail while she appeals her fraud conviction.
Following a ruling by the US Court of Appeals in San Francisco, the Theranos Inc. founder on Wednesday proposed to report to prison May 30 to begin her 11 1/4-year sentence after she was convicted by a jury last year of defrauding investors in the blood-testing startup.