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Former Theranos CEO Elizabeth Holmes loose bid to stay out of prison after Fraud conviction.

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Former Theranos CEO Elizabeth Holmes has been denied a bid to stay out of federal prison while she appeals her conviction for fraud while overseeing a blood-testing scandal that exposed the dark side of Silicon Valley.

In an 11-page ruling issued late Monday, U.S. District Judge Edward Davila ruled that there was insufficient evidence to allow Holmes to remain free on bail as his attorneys tried to convince an appeals court that he had alleged misconduct during his four-month term. . the trial resulted in an unjust verdict.

The judge’s decision means Holmes, 39, will have to surrender to authorities on April 27 to begin the more than 11 years in prison that Davila served in November.

The sentence came 10 months after a jury found her guilty of four counts of fraud and conspiracy against Theranos investors who believed in his promises to revolutionize the healthcare industry.

Holmes had accompanied her lawyers to a courtroom in San Jose, California, on March 17 to try to convince Davila that various mistakes by federal prosecutors and the omission of important evidence would lead to the Ninth Circuit Court of Appeals acquitting her.

Holmes’ trial will begin nearly 20 years after she dropped out of Stanford University at age 19 to start Theranos in Palo Alto, Calif. — the same city where William Hewlett and David Packard founded the company that bears their last names in a garage and planted the seeds of what grew up in Silicon Valley

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