Theranos founder Holmes ordered to jail after appeal snub
Disgraced Theranos CEO Elizabeth Holmes' attempt to stave off her time behind bars has been rejected, with a federal judge denying her request to remain free on bail pending appeals and reaffirming the court's order for her to report for incarceration later this month.
Holmes' appeal was denied by Judge Edward Davila of California's northern federal district court, who said that while she didn't pose a flight risk or threat to her community, she still failed to meet a burden that her appeal had raised"a substantial question of law or fact," and as such was unlikely to result in a reversal of her verdict or an order for a new trial.
While she was facing 11 charges, Holmes was only found guilty of one count of conspiracy to commit wire fraud and three counts of wire fraud. She was found not guilty on four charges, and the jury was unable to resolve a further three counts.
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