Elizabeth Holmes' failed appeal for fraud conviction
Elizabeth Holmes, the founder of Theranos, lost her appeal to rehear her fraud conviction from 2022 by the 9th Circuit U.S. Court of Appeals. She was found guilty of wire fraud for deceiving investors about Theranos' capabilities and sentenced to over 11 years in prison. Her appeal options have narrowed, with the possibility of petitioning the Supreme Court remaining.
Key Points
- Holmes' fraud conviction upheld by 9th Circuit U.S. Court of Appeals
- Holmes sentenced to over 11 years in prison for wire fraud
Cons
- Elizabeth Holmes lost her bid to rehear her fraud conviction
- Her appeal options are limited, with the Supreme Court as her final chance