Theranos founder Elizabeth Holmes set to report to prison on Tuesday

Disgraced Theranos CEO Elizabeth Holmes is expected to study to situation Tuesday to statesman her more than 11-year condemnation for defrauding investors astir the capabilities of her company's blood-testing technology.

U.S. District Judge Edward Davila ordered Holmes to surrender nary aboriginal than 2 p.m. section clip Tuesday astatine a minimum-security installation successful Bryan, Texas successful a ruling earlier this month. The ruling followed a time aft an appeals court rejected Holmes' bid to enactment retired of situation portion she appeals her conviction.

Holmes, 39, has 2 young children with her existent partner, William "Billy" Evans. Her 2nd kid was calved earlier this twelvemonth aft her sentencing successful Nov. 2022.

A national assemblage successful San Jose, California, convicted Holmes connected 4 counts of defrauding investors successful Theranos, the institution she dropped retired of Stanford University to recovered successful 2003. In different ruling this month, Davila ordered that Holmes and erstwhile Theranos enforcement Ramesh "Sunny" Balwani pay $452 cardinal successful restitution to victims.

Balwani and Holmes, erstwhile romanticist partners, helmed Theranos during its meteoric rise. At its peak, Theranos was valued astatine much than $9 cardinal and attracted backers ranging from the DeVos household to quality magnate Rupert Murdoch. It was 1 of Murdoch's publications, The Wall Street Journal, that archetypal reported connected irregularities with Theranos' supposedly revolutionary blood-testing machines.

Balwani was convicted connected 12 counts of ligament fraud and conspiracy to perpetrate ligament fraud. He is serving his astir 13-year condemnation successful a situation successful Southern California.

Holmes' saga began erstwhile she dreamed of moving hundreds of laboratory tests with conscionable a digit prick of blood. The thought was to marque humor tests cheaper, much convenient and accessible to consumers, but Theranos' exertion yet proved to beryllium faulty and unreliable.

Patients were fixed inaccurate trial results relating to conditions specified arsenic HIV, crab and miscarriages. In closing arguments during Holmes' trial, prosecutors argued that she "chose fraud" implicit "failure."