Court rejects Elizabeth Holmes' motion to stay out of prison while on appeal

Disgraced Theranos founder Elizabeth Holmes has once again lost her bid to stay out of prison while she appeals her fraud conviction tied to a blood-testing hoax that bilked investors. A federal appeals court ruled on Tuesday that Holmes’ appeal did not show that she would have received a shorter sentence or have her conviction reversed due to errors made during her trial. Holmes has been free on bail since a jury convicted her on four counts of fraud and conspiracy in January 2022. Her 11-year prison sentence is scheduled to start roughly 20 years after she dropped out of Stanford University when she was 19 years old to start Theranos in Palo Alto, California.