Theranos founder Elizabeth Holmes loses fraud appeal

Holmes was sentenced to more than 11 years in prison for defrauding investors in her blood-testing company.

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Holmes was sentenced to more than 11 years in prison.

In her appeal, she challenged trial evidence and testimony and argued that statements by her ex-business and romantic partner Ramesh "Sunny" Balwani about his level of responsibility for Theranos' financial model should have been included. He was jailed for more than 12 years.

The Ninth Circuit Court of Appeals rejected the arguments.

Judge Jacqueline H Nguyen wrote that Theranos's claim of being able to run blood tests with a drop from a finger prick instead of a needle in a vein was "nothing more than a mirage".

https://www.bbc.com/news/articles/c1jpg0069wgo

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