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Elizabeth Holmes was found guilty of fraud last year but her lawyers have made several attempts to delay it
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The judge has denied her request to stay out of jail while the new trial is undergoing, as per her lawyer’s petition
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The judge who denied her the bail said that there are not too many convincing reasons to grant the bail
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Holmes is expected to appeal this ruling to the 9th Circuit Court, but it’s unlikely her appeal will succeed
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The court had rejected a similar appeal from ex-Theranos COO Ramesh Balwani, who was found guilty of fraud
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A former Silicon Valley startup worth $9 billion, she vowed to revolutionize the medical exams more accessible
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However, despite Theranos’ massive valuation and high-profile board members, its technology never worked
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