Theranos fraudster Elizabeth Holmes loses her appeal [View all]
Source: San Jose Mercury News
Theranos founder Elizabeth Holmes has lost her appeal of her fraud conviction.
A three-judge panel of the U.S. Court of Appeal for the Ninth Circuit on Monday upheld lower court rulings finding Holmes guilty of felony fraud, sentencing her to more than 11 years in prison and ordering her to pay hundreds of millions of dollars in restitution.
Judge Jacqueline Nguyen’s written opinion reflecting the panel’s decision rejected arguments by Holmes’ lawyers — that the trial judge improperly allowed some testimony and improperly prohibited other testimony, and that a regulator’s report could have misled the jury — on a point-by-point basis.
“The vision sold by Holmes … was nothing more than a mirage,” Nguyen wrote.
Read more: https://www.mercurynews.com/2025/02/24/theranos-fraudster-elizabeth-holmes-loses-her-appeal/?share=otns4eeenrsa2thte2ae
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