class=”sc-29f61514-0 kHgAwW”>
A California appeals court ruled on Tuesday that there was insufficient doubt about the verdict.
Holmes was the founder and CEO of the start-up Theranos, promising to revolutionize blood testing. With Theranos, just a few drops of blood would be enough for complex testing. Holmes was celebrated, Theranos reached a valuation of nine billion dollars in financing rounds. But then it turned out that the technique did not work. Holmes and her top manager Ramesh Balwani were convicted of allegedly misleading investors.
Holmes, who gave birth to two children during the trial, was originally set to begin her 11-year sentence at the end of April. But with her request to suspend the start of detention for the duration of the appeal, the schedule was overturned. Now a San Jose trial judge must set a new date. On Tuesday, he estimated the amount Holmes and Balwani owed to investors at just over $452 million.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
