# Elizabeth Holmes’ no good, very bad day: Bail denied and a bill for $452 million

- Link: https://www.widthness.com/elizabeth-holmes-no-good-very-bad-day-bail-denied-and-a-bill-for-452-million/
- Published: 2023-05-19T10:00:59-05:00
- Author: Curated by John Wysocki

Photo caption: Elizabeth Holmes (C), founder and former CEO of blood-testing and life sciences company Theranos, walks with […] Photo credit: Amy Osborne via Getty Images. Article by Beth Mole. Ars Technica – May 17, 2023. Convicted fraudster Elizabeth Holmes had a rough Tuesday. The judge in her fraud case, US District Judge Edward Davila, ordered her and her ex-boyfriend, Ramesh “Sunny” Balwani, to pay $452 million in restitution to defrauded investors of their infamous and now defunct blood-testing company, Theranos. Holmes, the company’s founder and former CEO, and Balwani, the former president, are jointly responsible for paying back the entirety of the hefty sum. […] Click here to view original web page at arstechnica.com