A federal judge denied an effort by disgraced Theranos founder Elizabeth Holmes to delay the start of her prison sentence, set to begin later this month, while she awaits an appeal ruling.
Balwani faces a nearly 13-year sentence after being convicted of 12 counts of fraud and conspiracy. An appeal to the Ninth Circuit Court of Appeals kept Balwani from surrendering in March but that appeal has since been denied and Balwani must report to California's Terminal Island prison on April 20. Balwani had requested and was granted a change in prison location.
In November, Holmes was sentenced to 135 months, or 11 1/4 years, in prison. The sentence falls short of the maximum possible punishment for Holmes, who faced as many as 20 years in prison.
Elizabeth Holmes, Theranos CEO and the world's youngest self-made female billionaire, in an interview on Sept. 29, 2015.Davila ruled that such challenges, even if granted, were unlikely to result in a reversal of the conviction or a new trial.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.
Consulte Mais informação »
Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rulesA U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California last year. U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November.
Consulte Mais informação »
Judge denies Theranos founder Elizabeth Holmes appeal to remain freeDisgraced Theranos founder Elizabeth Holmes has lost her bid to remain out of federal prison while appealing her conviction for defrauding investors out of millions in one of Silicon Valley's most noteworthy startup failures.
Consulte Mais informação »
Convicted Theranos fraudster Elizabeth Holmes must begin prison stint during appealElizabeth Holmes is slated to report to prison later this month while her case is under appeal.
Consulte Mais informação »
Theranos founder Elizabeth Holmes must surrender, cannot stay home during appeal: judgeA judge ruled on Monday that Theranos founder Elizabeth Holmes must surrender April 27 to serve her sentence for felony fraud, denying her request to stay home as she appeals her conviction.
Consulte Mais informação »
Theranos' Elizabeth Holmes Loses Bid to Stay Out of PrisonDisgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side.
Consulte Mais informação »