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

  • Elizabeth Holmes lost her bid to appeal her fraud conviction, as the 9th Circuit U.S. Court of Appeals declined her request for a rehearing.
  • Holmes was convicted on four counts of wire fraud in January 2022 for misleading investors about Theranos' technology.
  • Holmes began serving an 11-year prison sentence in May 2023 after her conviction, with her sentence later reduced.
  • Holmes' case now only allows for a possible petition to the Supreme Court, which may not take it up due to the number of petitions received.
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CNBC broke the news in United States on Thursday, May 8, 2025.
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