Elizabeth Holmes loses bid to avoid prison, must pay $452 million

Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.

In another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered Holmes to pay $452 million in restitution to the victims of her crimes. Holmes is being held jointly liable for that amount with her former lover and top Theranos lieutenant, Ramesh “Sunny” Balwani, who is already in prison after being convicted on a broader range of felonies in a separate trial.

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Davila will now set a new date for Holmes, 39, to leave her current home in the San Diego area and report to prison.

Source: Elizabeth Holmes loses bid to avoid prison, must pay $452 million