Why Is Elizabeth Holmes Delaying Her Prison Sentence?

Elizabeth Holmes, the founder and former CEO of the blood-testing company, Theranos, is delaying her 11-year prison sentence. Holmes was convicted of defrauding investors by misleading them about the capabilities of Theranos' blood-testing technology which caused serious harm to some patients. She was also the youngest self-made billionaire for a time, when her company was valued at $9 billion.

However, just ahead of her initial requirement to start her prison term, she recently had her second child and is now allowed to delay the start of her sentence until after her appeal has gone through. Her lawyers are pushing for her guilty verdict to be overturned, citing perceived errors in the ruling.

Holmes gained an enormous amount of national profile from her work with the fraudulent blood-testing technology and even adorned magazines like Forbes, Fortune, Glamour, and The New York Times style magazine. Despite the numerous lives that have been negatively impacted by her fraudulent scheme, some observe, as Holmes is now seen living a lavish lifestyle prior to the verdict appeals, that she may be able to avoid time behind bars entirely.

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