The conviction of the founder theranos Elizabeth Holmes

The US Appeal Court on the Ninth County on Monday ruled on Founder theraanos The efforts of Elizabeth Holmes cancel her conviction by choosing her.

The court simultaneously confirmed the conviction of former Terrans Ramesh President Balwani on charges arising from their blood company theranos, according to The submission published on the Internet by the court listener.

Former Theranos CEO Elizabeth Holmes leaves hearing on March 17, 2023 in San Khase, California. (Philip Pochek / Getti Image)

Holmes, who started Terronas as a college student and became his public face, was accused together with Balwan, her former romantic partner, in 2018. They were sentenced in 2022 to 11 years and three months and 12 years and 11 months respectively.

Convicted CEO Fraudster Elizabeth Holmes says

The court’s decision to uphold your beliefs comes approximately three years after the juror found Holmes guilty of one of the accusations of investor fraud and three articles in committing fraud by individual investors stated by the Ministry of Justice. The sum of more than $ 140 million. ”

Meanwhile, Balvani was sentenced to 12 federal criminal charges.

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Both had problems with those who testified during the lawsuits and allegedly other issues, the arguments with which the Appeal Court disagreed with the ruling. They pushed the restitution worth $ 452 million, which they were ordered to pay.

Elizabeth Holmes goes through a security checkpoint when it comes to the Federal Court on September 1, 2022 in San Hass, California. (Justin Sullivan / Getti Image)

Judge Jacqueline Nguyen wrote an opinion that he supported his beliefs. Two other judges sat On the panel for the case.

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Started Balwani Servants of his prison term In April 2023, Holmes started his sentence just over a month after that.

Reuters contributed to this report.