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Theranos founder Elizabeth Holmes loses bid to have appeal of fraud conviction reheard

  • Elizabeth Holmes's fraud conviction was upheld by a federal appeals court, denying her appeal possibilities regarding the Theranos case.
  • Holmes is serving an 11-year sentence for deceiving investors about Theranos's faulty technology, during which she has been writing patents while incarcerated.
  • Her partner, Billy Evans, is funding a new startup called Haemanthus, which focuses on medical testing technology through light detection.
  • Haemanthus aims to commercialize light detection technology for medical testing, potentially reducing costs and expanding access compared to traditional methods.
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CNBC broke the news in United States on Thursday, May 8, 2025.
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