US court upholds Theranos founder Elizabeth Holmes’s conviction
Holmes, who is serving nine years, attempted to overturn conviction over multimillion-dollar investor fraud scandal
A US court upheld the conviction of the Theranos founder Elizabeth Holmes for defrauding investors out of hundreds of millions of dollars while operating her failed blood-testing startup, once valued at $9bn, rejecting her multi-year appeal. The court also upheld the conviction of Ramesh “Sunny” Balwani, once Holmes’s romantic partner and president of Theranos.
A three-judge panel for the 9th US circuit court of appeals in San Francisco rejected claims of legal errors at their separate trials held in 2022.
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