{"id":1920518,"date":"2023-04-27T20:55:46","date_gmt":"2023-04-28T00:55:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-approves-disgraced-theranos-founder-elizabeth-holmes-appeal\/"},"modified":"2023-04-27T20:58:34","modified_gmt":"2023-04-28T00:58:34","slug":"court-approves-disgraced-theranos-founder-elizabeth-holmes-appeal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-approves-disgraced-theranos-founder-elizabeth-holmes-appeal\/","title":{"rendered":"Court Approves Disgraced Theranos Founder Elizabeth Holmes\u2019 Appeal"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcourt-approves-disgraced-theranos-founder-elizabeth-holmes-appeal%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1920518&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Theranos Founder Elizabeth Holmes Avoids Prison for Another Month<\/h2>\n<p>Elizabeth Holmes, the founder and CEO of Theranos, has managed to avoid reporting to prison for at least another month after a court approved her last-minute appeal earlier this week. Holmes, who ran the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/theranos-founder-elizabeth-holmes-asks-judge-to-toss-fraud-convictions\/\" title=\"Theranos Founder Elizabeth Holmes Asks Judge To Toss Fraud Convictions\">fraudulent biotechnology company<\/a>, was expected to report to Federal Prison Camp at Bryan, Texas, on April 27 after being convicted on four counts of fraud last year for defrauding investors into believing she had revolutionized blood testing. Defense attorneys described the federal prison as \u201cheaven\u201d compared to others.<\/p>\n<h3>Appeal for Freedom<\/h3>\n<p>Holmes asked U.S. District Court Judge Edward Davila to allow her to remain free while she appealed the conviction, arguing based on the evidence presented during trial. Davila ruled earlier this month that the part of the conviction Holmes is appealing will probably not be overturned. Davila did say in his ruling that he didn\u2019t believe Holmes was a flight risk, even though <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-approves-disgraced-theranos-founder-elizabeth-holmes-appeal\/\" title=\"Court Approves Disgraced Theranos Founder Elizabeth Holmes\u2019 Appeal\">federal prosecutors revealed earlier<\/a> this year that Holmes and her husband purchased one-way tickets to Mexico in January 2022 \u2014 the same month she was convicted. The tickets were canceled only after the defense counsel was notified.<\/p>\n<h3>Entrepreneurial Connections<\/h3>\n<p>As an entrepreneur, Holmes attracted prominent political and business leaders to back her firm \u2014 including former Secretary of State George Shultz and former Defense Secretary James Mattis. Holmes also had close ties to the Clinton family and hosted a fundraiser for Hillary Clinton in 2016.<\/p>\n<h3>Accusations and Sentencing<\/h3>\n<p>During her trial, Holmes\u2019 legal team argued that \u201cshe was merely a young, na\u00efve, ambitious founder who relied too much on others who gave her bad advice,\u201d claiming she lacked experience. Holmes also attempted to accuse her ex-boyfriend and Theranos\u2019 ex-president Ramesh \u201cSunny\u201d Balwani of abuse. Text messages between the two, however, seemed to depict a loving relationship. The Department of Justice had requested that the disgraced Theranos founder receive 15 years in prison and pay $800 million in restitution to investors like software magnate Larry Ellison and Walmart founders the Walton family.<\/p>\n<h3>Recommended Prison<\/h3>\n<p>Judge Davila recommended Holmes serve at the prison camp in his filing because \u201cthe Court finds that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-recommends-prison-with-no-walls-bars-or-fences-for-elizabeth-holmes\/\" title=\"Judge Recommends Prison With \u2018No Walls, Bars, Or Fences\u2019 For Elizabeth Holmes\">family visitation enhances rehabilitation<\/a>.\u201d Since her court proceedings began, Holmes has given birth to two children with her partner William Evans.<\/p>\n<h3>Get the Daily Wire App<\/h3>\n<p><b><a class=\"c-link\" href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/onelink.to\/dwapp\" data-sk=\"tooltip_parent\" aria-describedby=\"sk-tooltip-9125\">CLICK HERE TO GET THE DAILY WIRE APP<\/a><\/b><\/p>\n<p><em>Ashe Schow contributed to this article.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Theranos founder and CEO Elizabeth Holmes avoided reporting to prison for at least an extra month on Thursday to serve her 11-year sentence after a court approved her last-minute appeal earlier this week. Holmes \u2014 who ran the fraudulent biotechnology company \u2014 was expected to report to Federal Prison Camp at Bryan, Texas, on April<\/p>\n","protected":false},"author":429,"featured_media":1920519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[7584,4255,4733,3689,3880,4148,12366,15926],"class_list":["post-1920518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-appeal","tag-approves","tag-court","tag-disgraced","tag-elizabeth","tag-founder","tag-holmes","tag-theranos"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/429"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1920518"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1920519"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1920518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1920518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1920518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}