San Francisco: Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam.
U.S. District Judge Edward Davila set Holmes’ revised prison-reporting date after her lawyers proposed it in a Wednesday filing. It came after a federal appeals court late Tuesday rejected Holmes’ bid to remain out of prison while she attempts to overturn her January 2022 conviction on four felony counts of fraud and conspiracy.
The punishment also includes a $452 million restitution bill that Davila ordered Holmes to pay in a separate ruling issued late Tuesday.
Holmes’ lawyers asked Davila to approve the May 30 prison reporting time to her two weeks to sort out several issues, including child care for her 1-year-old son William and 3-month-old daughter Invicta.
Holmes, 39, became pregnant with William shortly before the start of her high-profile trial in September 2021 and became pregnant with Invicta shortly after she was convicted of crimes that could have resulted in a prison sentence of up to 20 years.
