Get the latest tech news
US court upholds Theranos founder Elizabeth Holmes's conviction
Holmes, who is serving nine years, attempted to overturn conviction over multimillion-dollar investor fraud scandal
A US court upheld the conviction of the Theranos founder Elizabeth Holmes for defrauding investors out of hundreds of millions of dollars while operating her failed blood-testing startup, once valued at $9bn, rejecting her multi-year appeal. A three-judge panel for the 9th US circuit court of appeals in San Francisco rejected claims of legal errors at their separate trials held in 2022. Holmes claimed that the Edison could perform a wide swath of medical tests with a single drop of a patient’s blood, which would have represented a significant advance in biotechnology.
Or read this on r/technology
