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submitted 17 hours ago* (last edited 17 hours ago) by MicroWave@lemmy.world to c/news@lemmy.world

Summary

Elizabeth Holmes lost her appeal to overturn her fraud conviction, with a federal court ruling there were no legal missteps in her trial.

The court also upheld the conviction of her former partner, Sunny Balwani, and ordered both to pay $452 million in restitution.

Holmes, serving an 11-year sentence, falsely claimed her startup Theranos had revolutionary blood-testing technology.

The fraud, exposed in 2015, became one of Silicon Valley’s biggest scandals, leading to Theranos’ collapse and widespread media coverage, including books, documentaries, and a TV series.

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[-] xmunk@sh.itjust.works 97 points 17 hours ago

Imagine being so incompetent you can't even arrange for a pardon under fucking Trump.

[-] ThrowawayPermanente@sh.itjust.works 1 points 11 minutes ago

Just donate half the stolen money to his Super PAC and you get to keep the other half

[-] assembly@lemmy.world 51 points 15 hours ago

The problem is that she screwed rich people over. If she stuck with just screwing over everyone else she would have been fine.

[-] Zerlyna@lemmy.world 8 points 15 hours ago* (last edited 15 hours ago)

I remember reading about Theranos starting up, watched the documentary and podcast. The false positives (or negatives) was appalling.

[-] SnotFlickerman 25 points 16 hours ago

Hey now, let's not ignore how deeply misogynistic the Trump administration is. That definitely plays a role.

[-] Semi_Hemi_Demigod@lemmy.world 20 points 16 hours ago

She’s a blonde woman so he probably had some… special quid pro quo

[-] evelynclare 3 points 12 hours ago

I think you mean quid pro ho.

this post was submitted on 24 Feb 2025
261 points (100.0% liked)

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