Former Theranos CEO Elizabeth Holmes has been as diligent and aggressive in trying to avoid going to prison as she was in attempting to keep her blood testing procedures a secret, and it looks like she has failed at both.
The black turtlenecks have long since been packed away, and she is almost certainly facing the prospect of a prison uniform as her primary garb soon. Her attempts at overturning her conviction have not worked, and Tuesday, the Ninth Circuit Court of Appeals ordered her to pay $452 million in restitution to the victims of her crimes.
She had been scheduled to start her 11-year prison sentence on April 27 after her November 2022 sentencing and had bought some time as she helped care for her 1-year-old son and 3-month-old daughter, but Judge Edward Davila will soon set a new date for her to begin serving her sentence at a women’s prison in Bryan, Texas.
Her partner in crime and former lover Sonny Balwani began serving his 13-year prison sentence last months.
Prosecutors had originally called for Holmes to serve 15 years for what they called “one of the most substantial white collar offenses Silicon Valley or any other District has seen.”
Holmes and her legal team had tried to talk the judge into going soft on her because she is a mother of two young children, and the judge received over 130 character witness letters, including one from Senator Cory Booker, but it didn’t work.
Holmes raised nearly $1 billion from a long list of investors, including Rupert Murdoch and Oracle co-founder Larry Ellison.
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