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Theranos founder Elizabeth Holmes must report to prison on May 30 and pay victims $452M

Theranos founder Elizabeth Holmes must begin serving her prison sentence by May 30 while she appeals her conviction on charges of defrauding investors in her failed blood-testing startup, a federal judge ruled Wednesday.

Driving the news: U.S. District Court Judge Edward Davila issued the order after the United States Court of Appeals for the Ninth Circuit on Tuesday rejected Holmes' request to remain on bail as she appeals the case.


The big picture: Holmes was sentenced in November to 11 years and three months in prison for conspiracy and fraud against certain investors and was originally scheduled to begin her prison sentence on April 27, but this was delayed while the appeals court weighed her request.

Go deeper: Elizabeth Holmes and SBF exemplify dangers of insufficient oversight

Editor's note: The Cox family owns Cox Enterprises, the owner of Axios.

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