US court upholds Theranos founder Elizabeth Holmes' conviction

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/4/2026

1. ZS
2. LULU
3. IOT
4. PATH
5. DOCU
6. ASAN
7. SPY
8. CIEN
9. GWRE
10. PL

February 24, 2025 12:27 PM EST

FILE PHOTO: Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, U.S. May 30, 2023. REUTERS/Go Nakamura/File Photo

(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.

(Reporting by Jody Godoy in New York, Editing by Franklin Paul)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

General News, Reuters