Theranos fraudster Elizabeth Holmes must begin prison stint during appeal

“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