{"id":30405,"date":"2023-04-27T22:24:21","date_gmt":"2023-04-27T22:24:21","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/27\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/"},"modified":"2023-04-27T22:24:22","modified_gmt":"2023-04-27T22:24:22","slug":"theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/27\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/","title":{"rendered":"Theranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/26\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/<\/a><\/br>
\nTheranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all<\/br>
\n2023-04-27 22:24:21<\/br><\/p>\n

\n

Theranos founder Elizabeth Holmes will not<\/a> be heading off to prison tomorrow to begin serving an 11-year sentence, as first reported <\/a>by the WSJ. Though earlier this month U.S. District Court Judge Edward Davila denied her request to remain free while she appeals her conviction, this week she asked the Ninth U.S. Circuit Court of Appeals directly if she could stay out of prison while her case makes its way through the appeals process; the request automatically puts her reporting date on hold while the court considers her request, says the Journal.<\/p>\n

It\u2019s just the latest twist in a Silicon Valley story that has captivated the broader business world and even led to an Emmy-award-winning<\/a> limited series called \u201cThe Dropout\u201d on Hulu.<\/p>\n

In January 2022, following a nearly four-month trial, Holmes was convicted on four counts of fraud and conspiracy related to Theranos, her failed blood-testing startup. At her sentencing hearing in November of last year, Judge Davila ordered her to \u201csurrender\u201d on April 27, 2023.<\/p>\n

In denying Holmes\u2019s earlier request to remain free while she appeals her conviction, Judge Davila wrote<\/a> that while Holmes presented \u201cclear and convincing evidence that she would not flee,\u201d he did not believe she raised a \u201csubstantial question of law or fact\u201d likely to result in \u201creversal or an order for a new trial of all counts.\u201d<\/p>\n

Theranos\u2019 former president and COO Ramesh \u201cSunny\u201d Balwani \u2014 who was also found guilty last year of defrauding the company\u2019s investors and its patients \u2014 had similarly asked the Ninth Circuit if he could remain free while he contests his conviction. His bid was rejected three weeks later, but the move enabled him to push his own surrender to a low-security prison facility in San Pedro, California, from mid-March to last Thursday, April 20.<\/p>\n

It isn\u2019t clear whether it will have any impact, but on Monday, an association for criminal defense lawyers urged the Ninth Circuit to order a new trial<\/a> for Holmes, saying prosecutors skirted procedure rules by disclosing the identity of a witness \u2014 Kingshuk Das, a former clinical lab director at Theranos \u2014 just five weeks before the government\u2019s opening arguments in the trial. They argue the move was a violation of Rule 16 of the Federal Rules of Criminal Procedure, which aims to give defendants sufficient time to prepare their defense.<\/p>\n

Holmes has two children under the age of two. Before this latest development, she was set to turn herself over the U.S. Marshal\u2019s Office, and then be transferred to a federal prison facility. The court reportedly recommended the Federal Prison Camp at Bryan, Texas, about 100 miles outside of Houston, where Holmes grew up in part and where she continues to have family.<\/p>\n

According to the Houston Chronicle<\/a>, the minimum-security facility has dormitory housing for its roughly 550 inmates, has a low staff-to-inmate ratio, and is \u201cwork- and program-oriented,\u201d per the Federal Bureau of Prisons.<\/p>\n

Holmes, who dropped out of Stanford in 2003 to build Theranos, was widely celebrated by the business press for developing a technology that she said could test for hundreds of conditions with just a pinprick of blood. Investors also believed Holmes\u2019s claims, providing more than $400 million of funding to the company and assigning it a valuation of $9 billion.<\/p>\n

That narrative began to break apart in 2015, after a series of WSJ articles revealed that its technology did not work as advertised.<\/p>\n

In June 2018, Holmes and Balwani were both indicted on criminal fraud charges; soon after, the company announced to shareholders that it would formally dissolve.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/04\/26\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/26\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/ Theranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all 2023-04-27 22:24:21 Theranos founder Elizabeth Holmes will not be heading off to prison tomorrow to begin serving an 11-year sentence, as first reported by the WSJ. Though earlier this month U.S. District Court Judge Edward Davila denied her request to remain free while […]<\/p>\n","protected":false},"author":1,"featured_media":30406,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-30405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nTheranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/04\/27\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Theranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/04\/26\/theranos-founder-elizabeth-holmes-isnt-headed-to-jail-tomorrow-after-all\/ Theranos founder Elizabeth Holmes isn\u2019t headed to jail tomorrow after all 2023-04-27 22:24:21 Theranos founder Elizabeth Holmes will not be heading off to prison tomorrow to begin serving an 11-year sentence, as first reported by the WSJ. 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