Reported about 13 hours ago
Elizabeth Holmes, the founder of Theranos, has lost her appeal to overturn her fraud conviction, with a federal appeals court affirming that she failed to demonstrate any legal errors during her trial for misleading investors about her blood-testing technology. Both Holmes and her former partner, Ramesh 'Sunny' Balwani, are set to serve lengthy prison sentences as they were also ordered to pay $452 million in restitution following their fraudulent activities that misled investors and devastated the company.
Source: YAHOO