Tuesday May 16 2023

Theranos founder Elizabeth Holmes can’t stay out of prison pending her appeal, a court ruled Tuesday.

The U.S. Court of Appeals for the Ninth Circuit said Ms. Holmes’s appeal doesn’t raise a substantial question of law and that even if it did, it is unlikely that it would be enough to overturn her fraud conviction.

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Ms. Holmes was scheduled to report to prison on April 27, but her reporting date was delayed while the court considered her request. A new reporting date hasn’t been set. Neither a lawyer for Ms. Holmes nor a spokesperson for the government responded to requests for comment.

Ms. Holmes, the disgraced founder of blood-testing startup Theranos, was convicted of wire fraud and conspiracy to commit wire fraud in January 2022. She was sentenced to more than 11 years in prison.

 

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