Judge rules that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction. https://t.co/1D2twQQfin

— NBC News (@NBCNews) April 11, 2023

According to court documents filed Monday, Judge Edward Davila ruled that the portion of the conviction that Holmes is appealing is not likely to be overturned. A jury found Holmes guilty in January 2022 on four counts of fraud in connection with her leadership at Theranos. In November, she was sentenced to more than 11 years in prison.

[Apparently, the appeal doesn’t cover all of the counts on which Elizabeth Holmes was found guilty, which is why Judge Davila vacated her bail. That seems unusual — an oversight, perhaps, or just a legal strategy that failed to impress the judge? — Ed]