US court upholds Theranos founder Elizabeth Holmes' conviction
ReutersFeb 24, 2025 5:22 PM
adds context on case
Feb 24 (Reuters) - 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.
Holmes, who started Theranos as a college student and became its public face, was indicted alongside Balwani, her former romantic partner, in 2018. The two were sentenced in 2022 to 11 years and three months , and 12 years and 11 months , respectively.
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