<p>A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.</p>

<p>Holmes, who rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California last year.</p>

<p>U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November. Holmes asked Davila to postpone the sentence while the 9th U.S. Circuit Court of Appeals reviews her case.</p>

<p>Davila concluded that even if Holmes won her appeal to challenge the Theranos technology evidence, it wouldn't result in a reversal or a new trial of all the counts she was found guilty of.</p>

<p>"Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’s misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/us-court-sentences-former-theranos-president-ramesh-balwani-to-13-years-in-prison-for-fraud-541101">US court sentences former Theranos president Ramesh Balwani to 13 years in prison for fraud</a></strong></p>

<p>Holmes, who is scheduled to begin serving her sentence in April, may ask the 9th Circuit to grant bail.</p>

<p>In denying the release appeal, Davila noted that Holmes was unlikely to flee or endanger the community.</p>

<p><strong>ALSO WATCH |&nbsp;Theranos founder Elizabeth Holmes sentenced to 11 years in prison in fraud case</strong></p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/theranos-founder-elizabeth-holmes-sentenced-to-11-years-in-prison-in-fraud-case-535475/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. Holmes testified in her own defence, saying she believed her statements were accurate at the time.</p>

<p>On appeal, Holmes plans to challenge several of the judge's rulings, including his allowance of evidence about Theranos' test accuracy that postdated her statements to investors.</p>

<p>Holmes' co-defendant, former Theranos President Ramesh ‘Sunny’ Balwani, was convicted of defrauding Theranos investors and patients at a separate trial and sentenced to 12 years and 11 months in prison.</p>

<p>In March, Davila denied Balwani's request to remain free on bail during his appeal. The 9th Circuit also ruled that Balwani's sentence should not be postponed while it considers his case.</p>

<p>The case is U.S. v. Holmes et al., U.S. District Court, Northern District of California, No. 18-00258.<br />
<br />
<em>(With inputs from agencies)</em><br />
&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1  width=&quot;100%&quot;"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.

A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood, was convicted at trial in San Jose, California last year. U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November. Holmes asked Davila to postpone the sentence while the 9th U.S. Circuit Court of Appeals reviews her case. Davila concluded that even if Holmes won her appeal to challenge the Theranos technology evidence, it wouldn't result in a reversal or a new trial of all the counts she was found guilty of. "Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’s misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said. ALSO READ | US court sentences former Theranos president Ramesh Balwani to 13 years in prison for fraud Holmes, who is scheduled to begin serving her sentence in April, may ask the 9th Circuit to grant bail. In denying the release appeal, Davila noted that Holmes was unlikely to flee or endanger the community. ALSO WATCH | Theranos founder Elizabeth Holmes sentenced to 11 years in prison in fraud case × Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. Holmes testified in her own defence, saying she believed her statements were accurate at the time. On appeal, Holmes plans to challenge several of the judge's rulings, including his allowance of evidence about Theranos' test accuracy that postdated her statements to investors. Holmes' co-defendant, former Theranos President Ramesh ‘Sunny’ Balwani, was convicted of defrauding Theranos investors and patients at a separate trial and sentenced to 12 years and 11 months in prison. In March, Davila denied Balwani's request to remain free on bail during his appeal. The 9th Circuit also ruled that Balwani's sentence should not be postponed while it considers his case. The case is U.S. v. Holmes et al., U.S. District Court, Northern District of California, No. 18-00258. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Jail sentence awaits Theranos founder Elizabeth Holmes after latest court ruling

Theranos founder Elizabeth Holmes has been sentenced to 11 years in prison for defrauding investors with a Silicon Valley startup firm. Holmes who is pregnant will surrender but not before April next year. She has been sentenced on three counts of investor fraud and one count of conspiracy back in January.

Theranos founder Elizabeth Holmes sentenced to 11 years in prison in fraud case

elizabeth-holmes-prison

Elizabeth Holmes Prison, News on Elizabeth Holmes Prison, stories on Elizabeth Holmes Prison, articles on Elizabeth Holmes Prison, Elizabeth Holmes Prison stories at Wion, Elizabeth Holmes Prison news, Elizabeth Holmes Prison latest news

elizabeth holmes-prison

Jail sentence awaits Theranos founder Elizabeth Holmes after latest court ruling

Theranos founder Elizabeth Holmes sentenced to 11 years in prison in fraud case