Former Theranos CEO Elizabeth Holmes was to begin serving prison time on April 27 after the judge who presided over her trial denied her bid to remain free. Holmes was set to begin her sentence on April 27 after being found guilty in January 2022 for defrauding investors with her Silicon Valley start-up Theranos. Earlier this month, Holmes was refused a request to remain free pending her appeal. A top aide and ex-boyfriend to the Theranos chief was convicted at a separate trial and is also slated to serve time in prison. Ramesh "Sunny" Balwani was sentenced to nearly 13 years in prison for his role in what prosecutors argued was a massive fraud perpetuated on Theranos investors and patients.

Source: The Star April 26, 2023 21:09 UTC