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Holmes and Balwani’s appeal falls flat as court upholds fraud convictions

Elizabeth Holmes and Ramesh “Sunny” Balwani’s appeals to overturn their fraud convictions and reduce their prison sentences were denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Theranos, and Balwani, its former COO, were convicted in separate trials in 2022 […] © 2024 TechCrunch. All rights reserved. For personal use only.


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