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US Appellate Court for the Ninth Circle on Monday made a decision on Founder Theranos Elizabeth Holmes’ efforts to cancel her belief, she decided to support.
The court at the same time confirmed the conviction of former President Theranos Ramesha “Sunny” Balwanija on the charges arising from their blood testing company Theranos, according to The submission was posted on the network by the court listener.
Former CEO Theranos Elizabeth Holmes left the hearing on March 17, 2023 in San Jose, California. (Philip Pacheco / Getty Images)
Holmes, who started Therans as a student and became his public face, was charged with Balwani, her former romantic partner, 2018. The two were sentenced to 2022 for 11 years and three months, or 12 years and 11 months.
The decision to support its verdict comes for about three years after the jury declared Holmes guilty of one point of conspiracy to commit fraud on investors and three points of committing fraud for individual investors, of which the Ministry of Justice said “involved the transfer of wires in total than more than $ 140 million. “
Balwani, meanwhile, was convicted of 12 federal charges of criminal fraud.
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The two had problems with who was allowed to testify during their trials and allegedly other issues, the arguments with which the appeal court did not agree in his judgment. They withdrew to restitution of $ 452 million, which were ordered to pay.
Elizabeth Holmes passes through a security checkpoint as he arrives at the Federal Court on September 1, 2022 in San Jose, California. (Justin Sullivan / Getty Images)
Judge Jacqueline Nguyen is the author of the opinion in adhering to their beliefs. Two other judges were sitting on the board in case.
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Balwani started serving a prison sentence In April 2023. Holmes began a sentence just over a month after that.
Reuters contributed to this report.
