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flag U.S. court upholds fraud convictions and restitution orders against Theranos founders Holmes and Balwani.

flag 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. flag 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. flag The court also upheld the $452 million restitution order for both Holmes and Balwani, who was sentenced to nearly 13 years in prison. flag This decision marks a significant legal victory for the prosecution in the high-profile case.

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