Theranos founder Elizabeth Holmes loses last-minute bid to avoid prison and must start her sentence this month

A judge this Wednesday ordered Elizabeth Holmes to report to prison on May 30, dashing her hopes to avoid prison after her last-minute bid was denied a day earlier, CNN reported.

Judge Edward Davila ordered Holmes to report to the Bureau of Prisons by May 30 to begin serving her 11-year sentence for defrauding people who invested in her disgraced blood-testing startup Theranos. Holmes had filed a last-minute appeal to remain free on bail while she fought to overturn her conviction.

Attorneys for Holmes said that she needed to make preparations including medical and child-care arrangements ahead of beginning her sentence, resulting in Davila agreeing to the May 30 surrender date. Her ex-boyfriend and former Theranos COO Ramesh “Sunny” Balwani was convicted of fraud in a separate trial and reported to prison last month to begin serving out his nearly 13-year sentence. He also lost a last-minute appeal.

Theranos claimed to have a new technology that could accurately test for diseases using just a few drops of blood. The company raised $945 million from investors and was valued at some $9 billion at one point.

A Wall Street Journal investigation in 2015 found that Theranos had only performed a small portion of the hundreds it tests it offered, resulting in questionable results. The WSJ also found that Theranos was relying on third-party manufactured devices from traditional blood testing companies rather than its own technology.

Sky Palma

Before launching DeadState back in 2012, Sky Palma has been blogging about politics, social issues and religion for over a decade. He lives in Los Angeles and also enjoys Brazilian jiu jitsu, chess, music and art.