Elizabeth Holmes delays start of prison sentence with last-minute appeal | CNN Business

Elizabeth Holmes won’t be starting her 11-year prison sentence just yet. The disgraced Theranos founder was previously expected to report to prison on Thursday, but she will remain free a little longer while the court considers a last-minute appeal, according to a filing Tuesday night. Holmes was sentenced last November after she was convicted months earlier on multiple charges of defrauding investors while running the now-defunct blood testing startup.

Holmes dropped out of Stanford at the age of 19 to focus full-time on Theranos, the health tech startup which claimed to have invented technology that could accurately test for a range of conditions using just a few drops of blood. Theranos raised $945 million from an impressive list of investors and was valued at some $9 billion at its peak – making Holmes a paper billionaire.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Queen Elizabeth's coronation helped start Matchbox cars | CNN BusinessMatchbox, maker of tiny toy cars, is bringing back one if its most important models. It's not a car, but a little horse-drawn coach, and its success led to the creation of Matchbox toy cars. And it was Matchbox cars that, in turn, inspired their one-time competitor, Hot Wheels.
Source: cnni - 🏆 326. / 59 Read more »

Kim Kardashian reveals the 'magic' of her success to CNN's Poppy Harlow | CNN BusinessJust a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day, the idea has blossomed into Skims — a $3.2 billion brand that has catapulted the reality TV star into a business titan.
Source: cnni - 🏆 326. / 59 Read more »