Theranos Founder Elizabeth Holmes Loses Appeal, Fraud Conviction Stands
#ElizabethHolmes #TheranosFraudElizabeth Holmes, founder of Theranos, fails to overturn her fraud conviction in a federal appeals court, maintaining her 11-year prison sentence. The court also upholds the fraud conviction of her former partner, Balwani, and orders them to pay $452 million in restitution. read more
#ElizabethHolmes #TheranosFraud
Elizabeth Holmes, founder of Theranos, appeals her fraud conviction for which she received an 11-year sentence alongside company president Sunny Balwani. Her legal team cited improper procedures during trials as grounds for new ones. read more
#ElizabethHolmes #TheranosFraud
Elizabeth Holmes, the ex-Theranos CEO, had her prison sentence reduced to release in August 2032 due to good behavior. She was also ordered to pay $452m in restitution, deferred due to financial constraints. read more