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US court upholds Theranos founder Elizabeth Holmes' conviction

Elizabeth Holmes' fraud conviction remains upheld after a federal appeals court ruled she didn't prove legal errors during her trial for misleading investors about Theranos' capabilities.
The appeals court also upheld the fraud conviction of Ramesh 'Sunny' Balwani, ordering both to pay $452 million in restitution.
Holmes began her 11-year prison sentence in May 2023, with a release date listed as March 19, 2032.
The fraud allegations against Holmes and Balwani emerged following investigative reports revealing serious flaws in Theranos' technology.

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New Orleans CityBusiness

Elizabeth Holmes fails to overturn her Theranos fraud conviction New Orleans CityBusiness

Elizabeth Holmes, the disgraced founder of Theranos, will remain in prison after losing a bid Monday to overturn her fraud conviction, with a federal appeals court saying she hadn’t proved there were legal missteps during her trial for defrauding investors with false claims of what her blood-testing startup could achieve. The three-judge panel in San Francisco also upheld the fraud conviction of Holmes’ former business partner and lover Ramesh “…

2 hours ago

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RTÉ

Elizabeth Holmes fails to overturn fraud conviction

Elizabeth Holmes, the disgraced founder of Theranos, will remain in prison after losing a bid to overturn her fraud conviction.

3 hours ago·Ireland

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BBC News

Theranos founder Elizabeth Holmes loses fraud appeal

Holmes was sentenced to more than 11 years in prison for defrauding investors in her blood-testing company.

6 hours ago·United Kingdom

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Boing Boing

Elizabeth Holmes does not escape consequences, will remain in prison until 2032

Elizabeth Holmes, CEO of Theranos, successfully projected her fabricated reality into others' minds for years. It's easy to get people to believe in something if they think it will make them rich. As soon as it became clear there was no pot of gold at the end of the rainbow, the investors, lawyers, and power players snapped out of their trances and vanished. — Read the rest The post Elizabeth Holmes does not escape consequences, will remain in p…

8 hours ago·United States

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The Epoch Times

US Court Upholds Theranos Founder Elizabeth Holmes’ Conviction

A U.S. court upheld the convictions of Theranos’ founder Elizabeth Holmes and President Ramesh “Sunny” Balwani on Monday, on charges of defrauding investors in the failed blood testing startup once valued at $9 billion. A three-judge panel for the 9th U.S. Circuit Court of Appeals in San Francisco rejected claims of legal errors at their separate trials held in 2022. Holmes, who started Theranos as a college student and became its public face, w…

13 hours ago·New York, United States

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Newser

Court Rejects Holmes' Effort to Overturn Conviction

Elizabeth Holmes, the disgraced founder of Theranos, will remain in prison after losing a bid Monday to overturn her fraud conviction, with a federal appeals court saying she hadn't proved there were legal missteps during her trial for defrauding investors with false claims of what her blood-testing startup could achieve....

13 hours ago·Miami, United States

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