Former Theranos CEO Elizabeth Holmes is to report to prison in the US on May 30 to begin serving time after efforts to remain free while appealing her fraud conviction failed. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPSource: AFPFallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. US Judge Edward Davila on Tuesday denied the new request and in a separate ruling ordered Holmes and her top Theranos lieutenant, Ramesh "Sunny" Balwani, to pay $452 million to victims of their fraud. Holmes is to report to prison on May 30 to begin serving her sentence, Davila said in a written order.

Source: The Star May 17, 2023 21:21 UTC