Disgraced Elizabeth Holmes, the CEO of Theranos, has asked a federal judge to set her free until Memorial Day weekend before surrendering to authorities on May 30 to begin a prison sentence of more than 11 years for defrauding investors in a blood-testing scheme. requested to stay.
In a filing Wednesday, Holmes’ attorneys offered a reporting date. It comes after a federal appeals court denied his request to stay out of prison as he appeals a January 2022 conviction on four counts of fraud and conspiracy.
The sentence also includes a $452 million restitution demand, which was included in a separate order published late Tuesday by US District Judge Edward Davila.
The brief letter requested that Davila grant Holmes two weeks of prison reporting time on May 30, which includes the care of her 1-year-old son William and 3-month-old daughter Invicta. Holmes was due to start her prison sentence on April 27, but a last-minute legal maneuver allowed her to spend extra time with her children.
Holmes, 39, became pregnant with William just before the start of his high-profile trial in September 2021, and then with Invicta shortly after pleading guilty to crimes punishable by up to 20 years in prison.
The father of both children is William “Billy” Evans, whom she met after separating from her previous love and business partner, Ramesh “Sunny,” Balwani, who last month began serving a nearly 13-year prison sentence in Southern California Was. Balwani, 57, was convicted of 12 criminal counts of fraud and conspiracy committed while working for Theranos and living with Holmes.
In Wednesday’s plea, Holmes’ attorneys did not reveal the location of the prison where she will serve her sentence. However, he stressed that she should make preparations to move out of California, where she has been living in the San Diego area while out on bail. According to Davila, Holmes should be imprisoned in Bryan, Texas.
When Holmes is finally imprisoned, the curtain will rise on a story shedding light on a dark period in Silicon Valley that earned him fame and wealth before his spectacular demise.
After dropping out of Stanford University as a teenager in 2003 to found Theranos, Holmes promised to revolutionize healthcare with a system that could test for hundreds of diseases and other potential problems with just a few drops of blood. The concept helped him secure more than a billion dollars from smart investors such as Oracle co-founder Larry Ellison and media magnate Rupert Murdoch, who is owed $125 million under restitution orders.
But Theranos’ blood test never worked quite as well as Holmes had hoped, resulting in the company’s demise and a story that spawned a book, “Bad Blood,” an HBO documentary, “The Inventor, and has been the subject of a Hulu mini-series. series, “The Dropout,” which won Amanda Seyfried an Emmy for her performance.
