{"id":1932771,"date":"2023-05-17T14:57:50","date_gmt":"2023-05-17T18:57:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-holmes-must-report-to-prison-pay-452-million-in-restitution\/"},"modified":"2023-05-17T14:57:50","modified_gmt":"2023-05-17T18:57:50","slug":"elizabeth-holmes-must-report-to-prison-pay-452-million-in-restitution","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-holmes-must-report-to-prison-pay-452-million-in-restitution\/","title":{"rendered":"Elizabeth Holmes Must Report To Prison, Pay $452 Million In Restitution"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/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%2Felizabeth-holmes-must-report-to-prison-pay-452-million-in-restitution%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=1932771&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--><p>An appeals court has rejected convicted fraudster Elizabeth Holmes\u2019 bid to remain out of prison while she appeals the convictions against her.<\/p>\n<p>Holmes, the founder and CEO of failed blood-testing company\u00a0Theranos, will have to report to prison, leaving behind her current partner and her two young children, both of whom she had after being charged with fraud. A date has not been set for when Holmes will have to report for prison, the Associated Press reported.<\/p>\n<p>The Ninth Circuit Court of Appeals\u2019 decision comes nearly three weeks after Holmes\u2019 legal team successfully delayed her sentence from her original start date of April 27.<\/p>\n<p>\u201cMs. Holmes was on bail at the time the motion was filed,\u201d said\u00a0court documents\u00a0from the previous decision. \u201cTherefore, that bail automatically remains in effect until the Ninth Circuit has ruled on her motion.\u201d<\/p>\n<p>In an additional Tuesday, U.S. District Judge Edward Davila ordered Holmes to pay $452 million in restitution to those harmed by her crimes. She is being held jointly liable for the amount along with her former boyfriend and Theranos\u2019 ex-president, Ramesh \u201cSunny\u201d Balwani, who was tried after Holmes but is already imprisoned, according to the Associated Press.<\/p>\n<p>Holmes had previously asked U.S. District Court Judge Edward Davila to allow her to remain free while she appealed the conviction against her, but in\u00a0a ruling\u00a0filed in early April, Davila ruled that the part of the conviction Holmes is appealing will probably not be overturned. Holmes is challenging her conviction based on the evidence presented at trial regarding whether Theranos products \u201cworked as promised,\u201d NBC News\u00a0reported.<\/p>\n<p>\u201cWhether the jury heard more or less evidence that tended to show the accuracy and reliability of Theranos technology does not diminish the evidence the jury heard of other misrepresentations Ms. Holmes made to investors,\u201d Davila ruled.<\/p>\n<p>Davila noted in his ruling that Holmes\u2019 conviction wasn\u2019t just based on whether her products worked but also related to the company\u2019s finances and her false claims to investors about what her product did.<\/p>\n<p>Davila did say in his ruling that he didn\u2019t believe Holmes was a flight risk, even though federal prosecutors\u00a0revealed\u00a0earlier this year that Holmes and her husband purchased one-way tickets to Mexico in January 2022 \u2013 the same month she was convicted. The tickets were canceled only after the defense counsel was notified.<\/p>\n<p>CLICK HERE TO GET THE DAILY WIRE APP<\/p>\n<p>\u201cThe government anticipates Defendant will note in reply that she did not in fact leave the country as scheduled,\u201d prosecutors wrote, \u201cbut it is difficult to know with certainty what Defendant would have done had the government not intervened.\u201d<\/p>\n<p>Holmes\u2019 husband, William \u201cBilly\u201d Evans, allegedly used his ticket and returned six weeks later from a different continent.<\/p>\n<p>In that same document, prosecutors noted that Holmes \u201ccontinues to show no remorse to her victims.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An appeals court has rejected convicted fraudster Elizabeth Holmes\u2019 bid to remain out of prison while she appeals the convictions against her. Holmes, the founder and CEO of failed blood-testing company\u00a0Theranos, will have to report to prison, leaving behind her current partner and her two young children, both of whom she had after being charged<\/p>\n","protected":false},"author":126,"featured_media":1932772,"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":[26998,3880,12366,5280,3891,3819,23732],"class_list":["post-1932771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-26998","tag-elizabeth","tag-holmes","tag-pay","tag-prison","tag-report","tag-restitution"],"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\/1932771","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\/126"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1932771"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1932771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1932772"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1932771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1932771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1932771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}