Elizabeth Holmes, the founder of the now-defunct blood-testing startup Theranos, has avoided reporting to prison this week as she got an eleventh-hour reprieve from having to do so. Following her conviction for fraud in 2022, a judge had ordered her to report to prison on Thursday, April 27, 2023.
However, Elizabeth Holmes and her legal team filed a last-minute appeal of the judge’s ruling, which granted her a reprieve and allowed her to avoid reporting to prison this week. While the details of her appeal are unclear, it is reported that the appeal is related to the judge’s ruling to deny her bail pending appeal.
Holmes was convicted of multiple counts of wire fraud and conspiracy to commit wire fraud, which stemmed from her promotion of Theranos’ blood-testing technology, which was later revealed to be fraudulent. Prosecutors allege that Holmes and her co-defendant, Sunny Balwani, misled investors, doctors, and patients about the accuracy and reliability of their technology, leading to hundreds of millions of dollars in investments and partnerships with major companies.
Despite her conviction, Holmes has maintained her innocence and has plans to appeal the verdict. Her legal team previously argued that her right to a fair trial was compromised by the media attention and that key evidence was excluded from the trial. However, her appeal of the judge’s order to report to prison is separate from her appeal of the verdict.
At this time, it is unclear when Holmes will be required to report to prison, as her appeal is still pending. Additionally, it is reported that her legal team is seeking to have her sentence reduced or vacated altogether, which could further delay her reporting to prison.
In conclusion, Elizabeth Holmes has avoided reporting to prison this week, thanks to a last-minute reprieve granted by an appeals court. While the details of her appeal are unclear, she remains convicted of fraud and could still face prison time in the future.