Disgraced Theranos tech mogul Elizabeth Holmes is begging court to allow her to report to federal prison for an 11-year sentence by May 30 to get her ‘personal affairs’ in order after losing bid to stay free
Fraudster Elizabeth Holmes, who was convicted and sentenced for 11 years for defrauding investors in a blood-testing hoax, is asking a court to allow her to report to prison by May 30 so she can arrange her personal affairs.
The move comes after an appeals court rejected Holmes’ plea to remain free while she appealed her jail sentence.
Holmes, 39, was convicted and sentenced for 11 years for defrauding investors through her Theranos company.
Holmes has been free since her sentence as she fought to overturn her conviction.
But after the appeals court ruling she and her lawyers asked for two weeks before she has to report to prison.
Court records show that earlier today Holmes requested an extension to her reporting date.
The records show Holmes ‘respectfully requests that the Court set a new reporting date two weeks from the order, May 30, 2023’.
The request states that the new date would allow her to get her ‘affairs in order’ including ‘out-of-state travel to her Bureau of Prisons facility and medical and child-care arrangements in anticipation of beginning her 135-month sentence.’
It comes after DailyMail.com exclusively revealed that the former tech mogul spent mother’s day free with her two children and partner at their $9million beachfront home in San Diego.
Holmes has a newborn called Invicta and a two-year-old son named William.
The former businesswoman has been ordered to repay $452million in restitution to the victims of her crimes.
The figure includes a staggering $125 million to media mogul Rupert Murdoch who was taken in by the dupe.
After her conviction, Murdoch told The Wall Street Journal – which he owns – that he was ‘one of a bunch of old men taken in by a seemingly great young woman! Total embarrassment.’
Others in line for repayment include Walgreens, which became an investor in the startup after agreeing to provide some of the flawed blood tests in its pharmacies in 2013. The company is entitled to $40 million, the judge ruled.
It is unclear how or whether Holmes will end up footing the bill, after she admitted to the New York Times that she cannot afford her own $30 million legal defense bill.
Stanford dropout Holmes founded Theranos, when she was still a teenager in 2003, claiming she could revolutionize blood testing.
She successfully convinced investors that her blood-testing technology, which only required tiny amounts of blood, was capable of detecting dozens of health issues from a single drop.
The company was soon valued at $9 billion at the time The Wall Street Journal exposed her claims as fake in 2015.
Federal inspectors from the Centers for Medicare & Medicaid Services searched her company’s labs and concluded that ‘deficient practices’ posed ‘immediate jeopardy to patient health and safety.’
Holmes, who has shunned the media since 2016, has recently given a series of interviews to the New York Times in an effort to rehabilitate her image.
Eschewing her trademark black turtlenecks and red lipstick, Holmes, now going by ‘Liz’ emphasized her new role as a mother.
Holmes admitted to the publication that she created a character that she felt would help her to be taken seriously as a businesswoman.
‘I believed it would be how I would be good at business and taken seriously and not taken as a little girl or a girl who didn’t have good technical ideas,’ she said.
‘Maybe people picked up on that not being authentic, since it wasn’t.’
