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 property tax increase approved by Duval voters in 2022 has raised $113M for DCPS. Here’s where it wentLike firefighters, Jacksonville police could soon be in line for a big raise, return to a pension plan for new hiresFILE - Former Theranos CEO Elizabeth Holmes leaves federal court in San Jose, Calif., March 17, 2023.
Nelson seemed the most torn of the three judges, showing some sympathy when Holmes’ attorney Amy Saharia said the outcome of her trial deserved close scrutiny because the jury also acquitted her on four other counts of fraud and conspiracy and was unable to reach a verdict on three other counts. Holmes will remain in prison, with a currently scheduled release date of August 2032 — earlier than her full sentence because of her good behavior so far.
The excitement stemmed from Holmes' claim that Theranos-designed devices could scan a few drops of human blood for hundreds of potential diseases. But the devices produced unreliable results that both Holmes and her former business partner and lover at the time, Ramesh “Sunny” Balwani, attempted to hide.
Elizabeth Holmes Jacqueline Nguyen
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