Published on: 2025-07-15 18:50:29
A US court upheld the conviction of the Theranos founder Elizabeth Holmes for defrauding investors out of hundreds of millions of dollars while operating her failed blood-testing startup, once valued at $9bn, rejecting her multi-year appeal. The court also upheld the conviction of Ramesh “Sunny” Balwani, once Holmes’s romantic partner and president of Theranos. A three-judge panel for the 9th US circuit court of appeals in San Francisco rejected claims of legal errors at their separate trials h
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Find related items on AmazonPublished on: 2025-07-15 07:01:17
Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeal to overturn their fraud convictions and reduce their prison sentences was denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 for defrauding investors about the capabilities of Theranos’ blood-testing technology. Holmes was sentenced to more than 11 years in pr
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Find related items on AmazonPublished on: 2025-07-15 04:16:38
Elizabeth Holmes, the founder and CEO of disgraced blood-testing company Theranos, has been found guilty on three counts of wire fraud, as well as a count of conspiracy to commit fraud along with her co-founder Sunny Balwani. On November 18th, 2022, she was sentenced to 135 months, or about 11 and a half years, in prison for defrauding 10 victims out of $121 million. She is appealing the ruling. However, a judge has determined that she and Balwani owe the victims of their fraud $452 million. O
Keywords: balwani founder fraud holmes theranos
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