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Elizabeth Holmes sentenced to 11 years in prison for her Theranos fraud

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Richard Lawler
Elizabeth Holmes and Sunny Balwani’s Theranos fraud appeal has been denied.

A panel of judges in the Court of Appeals for the Ninth Circuit has upheld the convictions of Elizabeth Holmes and Ranesh “Sunny” Balwani on “numerous” fraud charges over their Theranos scheme.

Apparently, a recent profile by People magazine wasn’t enough to outweigh all of those lies.

The panel affirmed Elizabeth Holmes’s and Ranesh “Sunny” Balwani’s convictions on numerous fraud charges, their sentences, and the district court’s $452 million restitution order, in a case in which Defendants defrauded investors about the achievements of their company Theranos’s blood-testing technology.
Opinion by Jacqueline H. Nguyen
Image: United States v. Elizabeth Holmes (22-10312)
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