Elizabeth Holmes appeals Theranos .’s fraud conviction

Former Theranos CEO Elizabeth Holmes has firmly stated that she believes in her blood-testing startup Theranos and is not targeting

Former Theranos CEO, Elizabeth Holmes, has firmly stated that she trusts her blood-testing startup Theranos and is not defrauding investors.

Fallen US biotech star Elizabeth Holmes has asked an appeals court to overturn her conviction in the Theranos fraud trial for which she was sentenced to more than 11 years in prison.

Holmes and her legal team have until March 3 next year to submit summary and trial transcripts in support of their claim, according to a notice posted to the Ninth Circuit Court of Appeals in California. notes on Monday.

Holmes’ appeal says she is challenging prison sentence circulated in November, as well as “any and all adverse judgments entered into, preceding or dependent upon.”

Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley startup Theranos.

She was convicted of four felony fraud counts in January for persuading investors that she had developed a revolutionary medical device before the company went bankrupt following an investigation by the company. The Wall Street Journal.

The closely watched case has become an indictment of Silicon Valley and the US federal prosecutor sought a 15-year prison sentence for Holmes. She was sentenced to 135 months.

Holmes, who is pregnant, will not have to turn herself in until next April, according to orders from US District Judge Edward Davila in a San Jose, California courtroom.

The 38-year-old became a Silicon Valley star when she says her startup is perfecting an easy-to-use test kit that can perform a variety of medical diagnoses with just a few drops of blood.

© 2022 AFP

quote: Elizabeth Holmes appeals fraud conviction by Theranos (2022, December 5) accessed December 5, 2022 from fraud.html

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