Court Orders Theranos Founder Elizabeth Holmes To Go To Prison (cnbc.com) 107
Disgraced Theranos founder Elizabeth Holmes has been ordered to report to prison while she appeals her fraud conviction and jail sentence of over 11 years for defrauding investors. She has also been ordered to pay $452 million to victims, which will be split with her former partner, Ramesh "Sunny" Balwani, who was also convicted and sentenced to 13 years in prison. CNBC reports: Elizabeth Holmes, the disgraced CEO of Theranos, must report to prison on May 30, according to a ruling issued Wednesday by U.S. District Judge Edward Davila. Holmes must report to prison no later than 2:00 p.m. local time on that day, and is expected to begin her sentence at a minimum-security facility in Bryan, Texas. On Tuesday, an appeals court rejected Holmes' bid to stay out of prison while she appeals her conviction. In another Tuesday ruling, Judge Davila ordered that Holmes and former Theranos executive Ramesh "Sunny" Balwani pay $452 million in restitution to victims. You can read more about the 'U.S. v. Elizabeth Holmes, et al.' case here.