“Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’ misrepresentations to Theranos investors involved more than just whether Theranos technology ‘work[ed] as promised.’” Davila wrote.
Davila’s ruling capped a lengthy dispute between the feds and Holmes’ legal team, which had argued she should remain free because her appeal would raise “substantial issues” about her conviction that could result in a new trial.
Last year, Holmes was sentenced to more than 11 years in prison for lying to Theranos’ investors about the efficacy of her once-booming startup’s blood-testing technology and finances. The mother of two is slated to report to prison on April 27.
Source: Theranos fraudster Elizabeth Holmes must begin prison stint during appeal
