Elizabeth Holmes won't be starting her 11-year prison sentence just yet.
Elizabeth Holmes won’t be starting her 11-year prison sentence just yet. The disgraced Theranos founder was previously expected to report to prison on Thursday, but she will remain free a little longer while the court considers a last-minute appeal, according to a filing Tuesday night. Holmes was sentenced last November after she was convicted months earlier on multiple charges of defrauding investors while running the now-defunct blood testing startup.
Holmes dropped out of Stanford at the age of 19 to focus full-time on Theranos, the health tech startup which claimed to have invented technology that could accurately test for a range of conditions using just a few drops of blood. Theranos raised $945 million from an impressive list of investors and was valued at some $9 billion at its peak – making Holmes a paper billionaire.
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