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The Street
The Street
Tony Owusu

Elizabeth Holmes Receives Some Bad News While Waiting on Appeals Court

Elizabeth Holmes really doesn't want to begin her prison sentence but a federal judge is making her after denying her petition Monday. 

The disgraced founder of Theranos must go to prison later this month, as scheduled, to begin serving her 11-year sentence for defrauding investors. She had requested to remain free on bail while her case made its way through the 9th U.S. Circuit Court of Appeals. 

DON'T MISS: Here's How Much Elizabeth Holmes Is Spending Before Jail

Holmes was convicted last year on charges that her $9 billion blood-testing company Theranos defrauded investors. 

Some users online are pointing out that the "Forbes 30 Under 30" list, which Holmes is an alum, has a long track record of white collar criminal convictions. 

If it seems like there are a lot of millennial whizkids-turned-scammers running amok recently, that's probably because there are. Holmes, so-called Pharma Bro Martin Shkreli, Simon Leviev (aka the Tinder Swindler), Fyre Fest magnate Billy McFarland, and Anna Delvey, whom the hit Netflix (NFLX) drama "Inventing Anna," is loosely about, have had riches, a high-profile series based around them, and fame, followed promptly by legal troubles to bring them back down to earth. 

Holmes has been more or less holed up in a California villa with her partner and young child. Though her partner's salary is listed at $0, their monthly expenses indicate they're getting money from somewhere.

The villa in which Holmes resides requires about $13,000 in upkeep expenses. It may be the home she lived in during her 2022 trial -- a $135 million mansion -- which sits on 74 acres of land in the middle of Silicon Valley.

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