Judge Denies Elizabeth Holmes a Get-Out-of-Jail-Free Card
The Theranos fraudster hoped her appeal and two young children would allow her to delay her prison sentence.
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If absolutely nothing else, Elizabeth Holmes is really good at gunning for something with no merit to back it up! That sort of blinders-on can-do attitude allowed her to raise almost a billion dollars for her fraudulent blood-testing company, Theranos. It’s also what probably encouraged her to appeal her conviction after being found guilty of defrauding Theranos’ investors, despite not really having substantial justification for it. A California judge ruled late Monday that Holmes’ appeal was not a sufficient reason to remain out of prison and that the Theranos founder is still expected to report to prison later this month to begin her 11-year sentence.
Holmes was convicted of fraud in January 2022 and sentenced in November, despite once allegedly telling a Walgreens executive that “they don’t put attractive people like me in jail.” I know it’s not the point, but this is not true. I have two words for Ms. Holmes: Jeremy Meeks. (Wait, two more: Martha Stewart.)