In a separate decision, Judge Davila ordered Holmes and former Theranos president, Balwani, to repay $452 million in restitution to investors defrauded in the duo's scheme. The two are jointly liable to repay the penalty.
her previous request to delay her surrender to prison. Her surrender date of April 27, however, was postponed by law because Holmes requested a review of that decision by the appellate court, which has final authority on the matter.
Davila also presided over a separate trial for Theranos’ former president and COO Ramesh “Sunny” Balwani, in which a jury returned guilty verdicts on all 12 counts of wire fraud and conspiracy waged against him. Davilia sentenced Balwani, who was also Holmes' boyfriend, to more than 13 years behind bars. HeIn a separate decision, also issued Tuesday, Judge Davila ordered Holmes and Balwani to repay $452 million in restitution to investors defrauded in the duo's scheme.
At sentencing, Davila also referenced letters from Holmes’ supporters who highlighted that venture capitalists had grown accustomed to startup failures like Theranos and considered it "normal" to lose 90% of the funds put at risk.
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