Judge rules that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction.
In his latest decision, Davila noted Holmes is challenging her conviction based on rulings about what evidence was presented during her trial, specifically about whether Theranos products"worked as promised."
Davila said Holmes' conviction was not solely based on that issue, but also about the company's finances, purported corporate partnerships and her false claims to investors. “Whether the jury heard more or less evidence that tended to show the accuracy and reliability of Theranos technology does not diminish the evidence the jury heard of other misrepresentations Ms. Holmes made to investors,” Davila said.purchased a one-way ticket to Mexico for them that was scheduled to depart a few weeks after the jury had rendered its verdict.
“Booking international travel plans for a criminal defendant in anticipation of a complete defense victory is a bold move, and the failure to promptly cancel those plans after a guilty verdict is a perilously careless oversight,” the judge wrote in his filing Monday. However, Davila said he'd accepted Holmes' argument, based on communications, that the flight ticket, “while ill-advised,” was not an attempt to flee the country.
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Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.
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Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California last year. U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November.
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Judge denies Theranos founder Elizabeth Holmes appeal to remain freeDisgraced Theranos founder Elizabeth Holmes has lost her bid to remain out of federal prison while appealing her conviction for defrauding investors out of millions in one of Silicon Valley's most noteworthy startup failures.
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Convicted Theranos fraudster Elizabeth Holmes must begin prison stint during appealElizabeth Holmes is slated to report to prison later this month while her case is under appeal.
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Theranos founder Elizabeth Holmes must surrender, cannot stay home during appeal: judgeA judge ruled on Monday that Theranos founder Elizabeth Holmes must surrender April 27 to serve her sentence for felony fraud, denying her request to stay home as she appeals her conviction.
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Judge Rejects Elizabeth Holmes’ Plea For Freedom While She Appeals Her Fraud ConvictionHolmes is expected to begin serving her sentence of 11 years and three months on April 27.
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