Theranos fraudster Elizabeth Holmes loses her appeal

[SouthBayDem]

Source: San Jose Mercury News

Theranos founder Elizabeth Holmes has lost her appeal of her fraud conviction.

A three-judge panel of the U.S. Court of Appeal for the Ninth Circuit on Monday upheld lower court rulings finding Holmes guilty of felony fraud, sentencing her to more than 11 years in prison and ordering her to pay hundreds of millions of dollars in restitution.

Judge Jacqueline Nguyen’s written opinion reflecting the panel’s decision rejected arguments by Holmes’ lawyers — that the trial judge improperly allowed some testimony and improperly prohibited other testimony, and that a regulator’s report could have misled the jury — on a point-by-point basis.

“The vision sold by Holmes … was nothing more than a mirage,” Nguyen wrote.

Read more: https://www.mercurynews.com/2025/02/24/theranos-fraudster-elizabeth-holmes-loses-her-appeal/?share=otns4eeenrsa2thte2ae

[DENVERPOPS]

1. And she should, however

if she would have been a male, like countless other male CEO's, she would be walking away with her ill gotten millions.

Not at all unlike Martha, when all the White Males around her were guilty of far worse cases of insider trading......

The white males, in particular, continue to demonstrate that women aren't ready to play with the men......

[drmeow]

2. My thoughts exactly nt

[IbogaProject]

8. No Madoff died in prison

They both made the mistake of defrauding the connected wealthy. She was a crook, her tech didn't work.

[DENVERPOPS]

9. I forgot about him!

And there was that Uber Rich snob female, who bragged that the rich didn't pay taxes....Leona Helmsley?????

[cadoman]

11. yup -- it's wild how rarely men face any charges

There are occasional instances but white collar crime is prosecuted at a close to zero percent rate in the US.

https://en.wikipedia.org/wiki/Allen_Stanford

[obamanut2012]

14. No, if she was male, she would have gotten more time

Like her codependent. She was more culpable, but really did the batting eyelashes, poor little me defense. And it worked to a large extent.

[maxsolomon]

16. She got what she deserved, regardless of her sex.

She won't do 11 years; she'll do 80% of that.

Sucks for the kids she had to make herself more sympathetic to the jury...

[Hassler]

3. If Scump pardons her he could put her in some government

Job where she can steal more money for him.

[DENVERPOPS]

4. In charge of the FDA

medical division given her ability to do Medical cons?????

[WhiteTara]

5. If that was Ezra Holmes and not Elizabeth

the pardon would have been automatic. Always make an example of the woman. I am not in the least suggesting she should be let off the hook, but the reality is that women go to prison and men go home.

[maxsolomon]

18. Ramesh Balwani got 12 years.

1 more than Holmes.

[WhiteTara]

20. He's not a white male, or doesn't have

a white male sounding name and that makes him fair game too.

[kiri]

6. A bad mother, too

Holmes twice got herself pregers to claim deviously to the Court her need to mother her babies. AFAIK the admitted father has not wanted custody---I guess they are in foster homes, growing up without a mother.

She is not only a bad tech leader and thief, but also a very bad mother.

[SouthBayDem]

7. wouldn't be surprised if Elon became her next baby daddy nt

[murielm99]

10. Got herself pregnant?

Immaculate conception? Or quite a magic trick.

[maxsolomon]

19. She's married to Billy Evans. She's out of prison until this ruling.

Where do you get this "I guess they are in foster homes"?

[SomewhereInTheMiddle]

12. I never got what people saw in her anyway. What? Not that kind of appeal? Never mind ... Nt

[Yavin4]

13. If she had a penis, she would've been the next Elon Musk

There's little difference between the two.

[Jose Garcia]

15. She's more like Sam Bankman-Fried

As much as we may hate his politics, his companies have been financially successful (so far).

[maxsolomon]

17. As repulsive as he is, Musk's products work.

Tesla, Space X, Starlink. They are not complete frauds.

Theranos was always a lie. She knew it; she committed fraud. FAFO.