Elizabeth Holmes appeals conviction, 11-year sentence despite bleak outlook
Enlarge / Elizabeth Holmes (C), founder and former CEO of blood-testing and life sciences company Theranos, walks with her mother Noel Holmes and partner Billy Evans into the federal courthouse for her sentencing hearing on November 18, 2022, in San Jose, California. (credit: Getty | AMY OSBORNE)
Disgraced biotech founder Elizabeth Holmes has appealed her criminal fraud conviction and federal prison sentence-a move that was widely anticipated but is seen as unlikely to succeed.
Holmes was convicted in January on four counts of defrauding investors of her now-defunct blood-testing startup, Theranos, resulting in millions of dollars in loss. Holmes, along with her former romantic partner and Theranos COO, Ramesh "Sunny" Balwani, falsely claimed that their technology could perform more than 200 medical tests with just a few drops of blood. Balwani's sentencing is scheduled for December 7.
Two weeks ago, Judge Edward Davila of the US District Court for the Northern District of California, who proceeded over the exhaustive trial, sentenced Holmes to 11 years and three months in federal prison.