Theranos CEO Elizabeth Holmes asks to report to prison by May 30
Theranos fraudster Elizabeth Holmes will begin her 11-year federal prison sentence on May 30
Disgraced Theranos CEO Elizabeth Holmes remains free over Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year sentence for defrauding investors in a blood test scam.
U.S. District Judge Edward Davila set Holmes’ revised prison reporting date after her attorneys suggested it in a Wednesday filing.
It came after a federal appeals court late Tuesday rejected Holmes’ bid to stay out of jail as she sought to overturn her January 2022 conviction on four counts of fraud and conspiracy.
The sentence also includes a $452 million restitution bill that Davila Holmes ordered to pay in a separate ruling issued late Tuesday.
Holmes’ lawyers asked Davila to approve the May 30 reporting time to give her two weeks to resolve several issues, including childcare for her 1-year-old son William and 3-month-old daughter Invicta.
Holmes was originally ordered to begin her jail sentence on April 27, but was reprieved with a last-minute legal maneuver that allowed her to spend more time with her children.
Holmes’ request comes after DailyMail.com exclusively revealed that the former tech tycoon spent Mother’s Day with her two kids for free
She asked a judge to give her until May 30 to report to prison after an appeal to remain free was rejected
Holmes said she needed time to get her “things in order,” including “out-of-state travel to her Bureau of Prisons facility and medical and child care arrangements.”
Holmes, 39, became pregnant with William shortly before the start of her high-profile trial in September 2021 and became pregnant with Invicta shortly after being convicted of crimes that could have resulted in up to 20 years in prison.
The father of both children is William ‘Billy’ Evans, whom she met after breaking up with her former romantic and business partner, Ramesh ‘Sunny’ Balwani, 57.
Her ex began serving a nearly 13-year prison sentence in Southern California last month after being convicted of 12 counts of fraud and conspiracy while serving as the chief operating officer of Theranos and living with Holmes.
In Wednesday’s filing, Holmes’ lawyers did not disclose the location of the jail she has been assigned to serve her sentence. But they noted that she must prepare to travel outside of California, where she has been living on bail in the San Diego area.
Davila has recommended that Holmes be imprisoned in Bryan, Texas.
Stanford dropout Holmes founded Theranos while still a teenager in 2003, claiming she could revolutionize blood testing
Holmes, who has shunned the media since 2016, recently gave a series of interviews to the New York Times in an attempt to repair her image.
Holmes is seen in federal court for her trial for defrauding investors in her company
When Holmes is finally incarcerated, the curtain will fall on a dark chapter in Silicon Valley – one that brought her fame and fortune before her scandalous demise.
After dropping out of Stanford University in 2003 to found Theranos when he was still a teenager, Holmes vowed to revolutionize healthcare with a technology that could scan hundreds of diseases and other potential problems with just a few drops of blood .
The idea helped her raise nearly $1 billion from sophisticated investors, including Oracle co-founder Larry Ellison and media mogul Rupert Murdoch, who owes $125 million under the restitution order.
But Theranos’ blood tests never worked as Holmes boasted, with Balwani’s backing, resulting in the company’s collapse and a story that has been the subject of a book, Bad Blood, an HBO documentary, The Inventor, and a Hulu miniseries, The Dropout, in which Amanda Seyfried won an Emmy in the lead role.