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Posts tagged as “Edward Davila”

Elizabeth Holmes Denied Last-Ditch Attempt to Remain Free, Must Serve 11-Year Sentence for Defrauding Investors

Elizabeth Holmes, former CEO of Theranos, has been denied her last-ditch attempt to remain free while appealing her conviction of defrauding investors. She must now serve her 11-year sentence and pay $452 million in restitution to victims of the fraud. The conviction is the result of a blood-testing hoax that brought Holmes fleeting fame and fortune, and she is being held jointly liable for the restitution with her former partner.