A federal appeals court in San Francisco has upheld a fraud conviction against Elizabeth Holmes. The disgraced founder of the blood-testing startup Theranos is serving an 11-year prison sentence for defrauding investors with false claims of what her company could achieve.

Summary

Elizabeth Holmes lost her appeal to overturn her fraud conviction, with a federal court ruling there were no legal missteps in her trial.

The court also upheld the conviction of her former partner, Sunny Balwani, and ordered both to pay $452 million in restitution.

Holmes, serving an 11-year sentence, falsely claimed her startup Theranos had revolutionary blood-testing technology.

The fraud, exposed in 2015, became one of Silicon Valley’s biggest scandals, leading to Theranos’ collapse and widespread media coverage, including books, documentaries, and a TV series.

  • @[email protected]
    13•18 hours ago

    Haha no, I saw that too.

    I’m beginning to recognize the “face” of psychopathy and it isn’t healthy, I feel.

    Like, put me in a room with 100 strangers and I have a pretty sharp radar for billionaires and killers.