Elizabeth Holmes fails to overturn her Theranos fraud conviction
Elizabeth Holmes fails to overturn her Theranos fraud conviction
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.
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Imagine being so incompetent you can't even arrange for a pardon under fucking Trump.
The problem is that she screwed rich people over. If she stuck with just screwing over everyone else she would have been fine.
I remember reading about Theranos starting up, watched the documentary and podcast. The false positives (or negatives) was appalling.
Hey now, let's not ignore how deeply misogynistic the Trump administration is. That definitely plays a role.
She’s a blonde woman so he probably had some… special quid pro quo
I think you mean quid pro ho.
Just donate half the stolen money to his Super PAC and you get to keep the other half