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fraud convictionsABC News
•US Politics
US Politics
73% Informative
Theranos founder Elizabeth Holmes is serving more than 11 years in prison for defrauding investors.
The 9th U.S. Circuit Court of Appeals in San Francisco upheld the fraud convictions, sentences and $452 million restitution order for Holmes and her second in command, Ramesh "Sunny" Balwani .
The two argued the court committed legal errors and violated their constitutional rights during their separate trials.
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