Elizabeth Holmes can't stay out of prison on appeal, court rules

An appeals court has denied Elizabeth Holmes' last-ditch bid to stay out of prison while the Theranos founder appeals her conviction of defrauding investors.

The Ninth Circuit Court of Appeals ruled on Tuesday that Holmes' appeal was unlikely to result in her sentence being overturned. Holmes was initially scheduled to report to prison on April 27, but the reporting date was automatically delayed with her latest appeal. A new date for her to report to prison has not been set.

Also on Tuesday, Judge Edward Davila of the Northern District of California ruled that Holmes must pay $452 million in restitution to victims of Theranos' fraud, including a group of investors and former Theranos partners Walgreens and Safeway.