"A three-judge panel for the 9th US Circuit Court of Appeals in San Francisco rejected claims of legal errors at their separate trials held in 2022."
"Holmes, who started Theranos as a college student and became its public face, was indicted alongside Balwani, her former romantic partner, in 2018."
The 9th US Circuit Court of Appeals confirmed the convictions of Elizabeth Holmes and Ramesh Balwani for defrauding investors through their defunct blood testing startup, Theranos, valued at $9 billion. The trio of judges rejected appeals challenging procedural errors during their 2022 trials. Holmes and Balwani were indicted in 2018, with significant prison sentences imposed in 2022â11 years and 3 months for Holmes and 12 years and 11 months for Balwani. This ruling solidifies the accountability of figures in corporate fraud cases.
Read at New York Post
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