A US court has upheld the convictions of Theranos founder Elizabeth Holmes and President Ramesh “Sunny” Balwani on charges of defrauding investors in the failed blood testing startup. The three-judge panel rejected claims of legal errors during their separate trials held in 2022. Both Holmes and Balwani were sentenced to prison terms of nearly 11 years and over 12 years, respectively, for their roles in the company’s downfall.
Source: https://edition.cnn.com/2025/02/24/business/elizabeth-holmes-conviction-court/index.html