A judge rules that Elizabeth Holmes cannot remain free during  usa

A judge rules that Elizabeth Holmes cannot remain free during appeal

A California federal judge has denied Theranos founder Elizabeth Holmes

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request to remain free on bail as the former leader of the medical technology startup tries to appeal her

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conviction for wire fraud, according to court documents filed Monday.

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In January 2022, Holmes was convicted of three counts of wire fraud and one count

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of conspiracy to commit wire fraud after a jury found that she defrauded investors

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out of more than $100 million over a blood-testing device that did not work as advertised.

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She was later sentenced to 11 years in prison and three years of supervised release

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Holmes filed for an appeal in December 2022.

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