Theranos CEO Elizabeth Holmes Seeks New Trial While in Texas Prison
Published on June 12, 2024
One year after Theranos founder and CEO Elizabeth Holmes entered prison, a panel of federal judges listened as her lawyers asked for a new trial in the Silicon Valley fraud case that dethroned her stardom. The hearing held in the Ninth Circuit Court of Appeals in San Francisco on June 11 came 2 ½ years after a jury found Ms. Holmes guilty of crafting a blood-testing scheme that defrauded investors and patients by purposely lying about the viability of the business. Ms. Holmes, 40, launched the startup in Palo Alto, California, shortly after dropping out of Stanford University in 2003 at the age of 19, with claims that her medical diagnostic company would revolutionize the health care industry....