Court rejects Elizabeth Holmes’ motion to stay out of prison while on appeal

Disgraced Theranos founder Elizabeth Holmes has as soon as once more misplaced her bid to remain out of jail whereas she appeals her fraud conviction tied to a blood-testing hoax that bilked traders.

In a one-page ruling, the U.S. Court of Appeals for the Ninth Circuit dominated Tuesday that Holmes’ enchantment didn’t present that she would have acquired a shorter sentence or have her conviction reversed resulting from errors made throughout her trial.

Holmes’ 11-year jail sentence is scheduled to begin roughly 20 years after she dropped out of Stanford University when she was 19 years outdated to begin Theranos in Palo Alto, California — the identical metropolis the place William Hewlett and David Packard based an organization bearing their surnames in a small storage and planted the seeds of what grew into Silicon Valley.

Holmes has been free on bail since a jury convicted her on 4 counts of fraud and conspiracy in January 2022. The verdict adopted a four-month trial revolving round her downfall from a rising Silicon Valley star to an alleged rip-off artist chasing fame and fortune whereas fleecing traders and endangering the well being of sufferers counting on Theranos’ flawed blood checks.