US Court Upholds Theranos Founder Elizabeth Holmes’ Conviction

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. Go Nakamura/Reuters
Reuters
Updated:
0:00

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.