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The American Court of Appeal for the ninth circuit rendered a decision on the efforts of the founder of Theranos, Elizabeth Holmes on Monday, to cancel his conviction, choosing to maintain him.
The court simultaneously said the conviction of the former president of Theranos, Ramesh “Sunny” Balwani, on charges from their blood test company Theranos, according to The file published online by the court auditor.
The former CEO of Theranos, Elizabeth Holmes, left an audience on March 17, 2023 in San Jose, California. (Philip Pacheco / Getty Images)
Holmes, who launched Theranos as a student and became her public face, was charged alongside Balwani, his former romantic partner, in 2018. The two were sentenced in 2022 to 11 years and three months, and 12 years and 11 months, respectively.
The Court’s decision to maintain their convictions comes about three years after a jury has recognized Holmes guilty of a conspiracy leader in order to commit fraud on investors and three charges of fraud on individual investors who , according to the Ministry of Justice Million. “
Balwani, on the other hand, had been found guilty of 12 federal accusations of criminal fraud.
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The two had problems with whom was authorized to testify during their trials and to assume other questions, arguments with which the Court of Appeal did not agree in its decision. They had pushed the $ 452 million in restitution which they had also been ordered to pay.
Elizabeth Holmes goes through a security checkpoint while she arrives before the Federal Court on September 1, 2022 in San Jose, California. (Justin Sullivan / Getty Images)
Judge Jacqueline Nguyen wrote the opinion confirming their convictions. Two other judges were sitting on the panel of the case.
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Balwani began to serve his prison sentence in April 2023. Holmes started his sentence a little more than a month after that.
Reuters contributed to this report.
