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U.S. court upholds fraud convictions and restitution orders against Theranos founders Holmes and Balwani.
The U.S. 9th Circuit Court of Appeals has confirmed the fraud convictions of Theranos founder Elizabeth Holmes and her former president Ramesh "Sunny" Balwani.
Holmes, who is now serving over 11 years in prison for defrauding investors with false claims about her company's blood-testing technology, saw her appeal rejected.
The court also upheld the $452 million restitution order for both Holmes and Balwani, who was sentenced to nearly 13 years in prison.
This decision marks a significant legal victory for the prosecution in the high-profile case.
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El tribunal estadounidense confirma condenas por fraude y órdenes de restitución contra los fundadores de Theranos Holmes y Balwani.