Appeals court upholds fraud conviction of Theranos founder Elizabeth Holmes

The U.S. Court of Appeals for the Ninth Circuit has upheld the fraud convictions, prison sentences and $452 million restitution order against Elizabeth Holmes, founder of the now-defunct blood testing startup Theranos, and Ramesh "Sunny" Balwani, the company's former president.

Feb 25, 2025 - 18:29
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Appeals court upholds fraud conviction of Theranos founder Elizabeth Holmes

The U.S. Court of Appeals for the Ninth Circuit has upheld the fraud convictions, prison sentences and $452 million restitution order against Elizabeth Holmes, founder of the now-defunct blood testing startup Theranos, and Ramesh "Sunny" Balwani, the company's former president.