US court upholds Theranos founder Elizabeth Holmes’ conviction
Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, U.S. May 30, 2023. REUTERS/Go Nakamura/File Photo Purchase Licensing Rights
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.
