Former Theranos CEO Elizabeth Holmes Appeals Fraud Conviction To Ninth Circuit Court In San Francisco
Holmes, who did not attend the hearing, is currently serving an 11-year sentence in a Bryan, Texas prison. Former Theranos CEO Elizabeth Holmes has appealed her fraud conviction to the Ninth Circuit Court of Appeals San Francisco to overturn her conviction, which resulted in an 11-year sentence for fraud. The hearing, held nearly two years after a jury convicted Holmes for orchestrating a blood-testing scam involving her company, Theranos, which she founded after dropping out of Stanford University in 2003. Holmes, who did not attend the hearing, is currently serving an 11 year sentence in a Texas prison.
نشرت : قبل 10 شهور بواسطة CBS San Francisco في Business
A panel of federal judges spent two hours on Tuesday wrestling with a series of legal issues raised in an attempt to overturn a fraud conviction that sent Theranos CEO Elizabeth Holmes to prison after a meteoric rise to Silicon Valley stardom.
The hearing held at the Ninth Circuit Court of Appeals San Francisco came nearly two-and-half years after a jury convicted Holmes for orchestrating a blood-testing scam that became a parable about greed and hubris in Silicon Valley. Holmes' instrument of deception was Theranos, a Palo Alto, California, startup she founded shortly after dropping out of Stanford University in 2003 with her sights set on revolutionizing the healthcare industry.
Holmes, who did not attend the hearing, is currently serving an 11-year sentence in a Bryan, Texas prison.
المواضيع: Business Leaders, Fraud, Corruption