Former Theranos CEO Elizabeth Holmes has held firm that she believed in her blood-testing startup Theranos and did not set out to defraud investors. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPSource: AFPFallen US biotech star Elizabeth Holmes has asked an appeals court to overturn her conviction in the Theranos fraud trial that saw her sentenced to more than 11 years in prison. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. The closely watched case became an indictment of Silicon Valley, and US federal prosecutors had sought a 15-year jail term for Holmes. Holmes, who is pregnant, will not have to surrender herself until April next year, ordered US District Judge Edward Davila in a courtroom in San Jose, California.

Source: The Star December 05, 2022 18:36 UTC