Elizabeth Holmes was convicted of investor fraud 2022, after her company, Theranos, falsely claimed it could analyze various human conditions with very small blood samples. In Arizona alone, over 100,

Elizabeth Holmes and her partner Ramesh “Sunny” Balwani were convicted of defrauding millions from investors. Aragon agreed with the appeals court’s decision to uphold Holmes’ conviction. “There were no problems here. She deserves to be in jail and I’m glad she is,” he said.

Theranos founder and former chief executive Elizabeth Holmes has lost an appeal against her conviction for defrauding investors in her blood-testing company. Holmes was sentenced to more than 11 years in prison.

A federal court rejected Elizabeth Holmes’ last-ditch appeal as the disgraced Theranos founder attempted to overturn her fraud conviction.

On Monday, a California federal appeals court denied Theranos founder Elizabeth Holmes' plea to have her 2022 fraud conviction overturned. Holmes and her former partner are serving prison time over false claims made to investors in her blood-testing startup company.