Theranos founder Elizabeth Holmes loses bid to avoid prison, required to pay $452 million in restitution

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Theranos founder Elizabeth Holmes loses bid to avoid prison, required to pay $452 million in restitution
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In another ruling issued late Tuesday, US District Judge Edward Davila ordered Holmes to pay $452 million in restitution to the victims of her crimes.

She had been previously ordered to surrender to authorities on April 27 by Davila, who sentenced her in November.Getty Images

He was incarcerated in a Southern California prison last month after losing a similar effort to remain free on bail while appealing his conviction. Holmes’ defense team pleaded for leniency from the judge, arguing that she is a daughter and a mother who would be able to do good in society moving forward.

Besides telling how she founded Theranos as a teenager after dropping out of Stanford University in 2003, Holmes accused Balwani of abusing her emotionally and sexually.

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