NewsEnglish • 17 hours ago

Elizabeth Holmes fails to overturn her Theranos fraud conviction

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Elizabeth Holmes fails to overturn her Theranos fraud conviction

NewsEnglish • 17 hours ago

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.

Chat

@quaternaut
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34•12 hours ago
She should’ve just announced a presidential bid the moment she got charged. Would’ve given her another 4 years.
- @andros_rex
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  1•18 minutes ago
  Didn’t she get pregnant twice to avoid prison?
- @[email protected]
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  fedilink
  7•12 hours ago
  … in prison? Another 4 years in prison, right?
  - Phoenixz
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    fedilink
    1•26 minutes ago
    Nope, we’re talking the USA, so she would have become president

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