FILE - Former Theranos CEO Elizabeth Holmes leaves federal court in San Jose, Calif., March 17, 2023. A panel of appeals court judges will preside over oral arguments on Tuesday, June 11, 2024, in an attempt to overturn the 2022 fraud conviction of Holmes in the high-profile case that exposed the greed and hubris infecting Silicon Valley.
Nelson seemed the most torn of the three judges, showing some sympathy when Holmes’ attorney Amy Saharia said the outcome of her trial deserved close scrutiny because the jury also acquitted her on four other counts of fraud and conspiracy and was unable to reach a verdict on three other counts. Holmes will remain in prison, with a currently scheduled release date of August 2032 — earlier than her full sentence because of her good behavior so far.
The excitement stemmed from Holmes' claim that Theranos-designed devices could scan a few drops of human blood for hundreds of potential diseases. But the devices produced unreliable results that both Holmes and her former business partner and lover at the time, Ramesh “Sunny” Balwani, attempted to hide.
Source: Law Daily Report (lawdailyreport.net)
Elizabeth Holmes Jacqueline Nguyen
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