Don’t be surprised on Memorial Day weekend if this soon to be prisoner comes down with some crazy illness or crime that causes bodily injury that keeps her from reporting to prison on time.

Elizabeth Holmes

Disgraced Theranos CEO Elizabeth Holmes must report to prison May 30

Elizabeth Holmes, the disgraced CEO of Theranos, must report to prison May 30, according to a ruling issued Wednesday by U.S. District Judge Edward Davila. The judge ordered Holmes to report no later than 2 p.m. local time on that day, and she is expected to begin her sentence at a minimum-security facility in Bryan, Texas.

On Tuesday, an appeals court rejected Holmes’ bid to stay out of prison while she appeals her conviction. In another ruling Tuesday, Davila ordered that Holmes and former Theranos executive Ramesh “Sunny” Balwani pay $452 million in restitution to victims.

Last year, a federal jury in San Jose, California, convicted Holmes on four counts of defrauding investors in Theranos, her blood-testing company, and in November, Davila sentenced her to 11 years and three months in prison. Balwani was sentenced to nearly 13 years in prison in July, after being convicted of 12 counts of fraud, and began his sentence in April.

Holmes, 39, has two children, the first of whom was born before her fraud trial in 2021. The second was born after her sentencing. – Source

Read more on these Tags: