Theranos founder Elizabeth Holmes loses appeal to remain free, is hit with huge restitution bill
CBC
23-05-17 11:17
Elizabeth Holmes, the former CEO of Theranos, will soon be going to prison to serve 11 years after the Court of Appeals rejected her bid to remain free while she tried to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. U.S. District Judge Edward Davila also ordered Holmes to pay $452m in restitution to the victims of her crimes. Holmes is being held jointly liable for that amount with her former lover and top Theranos lieutenant, Ramesh (Sunny) Balwani, who is already behind bars after being convicted on a broader range of felonies.