Elizabeth Holmes’ purchase of a one-way flight to Mexico was a ‘bold move,’ judge says in ruling that denied her request to remain free on bail

  • Date: 11-Apr-2023
  • Source: Business Insider
  • Sector:Technology
  • Country:Egypt
  • Who else needs to know?

Elizabeth Holmes’ purchase of a one-way flight to Mexico was a ‘bold move,’ judge says in ruling that denied her request to remain free on bail

A US judge said Elizabeth Holmes cannot remain free on bail while she appeals her conviction on charges of defrauding investors. Holmes, who was sentenced in November , requested in December to remain free during her appeal. The founder of blood-testing startup Theranos was found of four fraud-related charges. Prosecutors said in January that Holmes bought a set to take off three weeks after she was convicted of defrauding investors. They called it an "attempt to flee the country," according to a . In a court ruling filed on Monday, US District Judge Edward Davila said the flight wasn't an attempt to flee, but was "ill-advised" nonetheless. The flight booking led to more scrutiny and speculation into Holmes's personal affairs and motivations, he added. Davila wrote that even if Holmes won her appeal to challenge the evidence on Theranos' technology, it wouldn't lead to a reversal or new trial of all of Holmes's convictions. "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," Davila wrote. , also had his request to remain free on bail during his appeal denied,