Theranos founders appeal fraud convictions amid legal wrangling
Elizabeth Holmes and Ramesh "Sunny" Balwani, ex-leaders of Theranos, seek appeal on their convictions for duping investors in the defunct blood testing firm. Holmes' lawyer claims she genuinely believed in the company's capabilities, while Balwani's counsel argues the prosecution overstepped its bounds. The court debates the validity of key testimonies and the sufficiency of evidence, leaving the fate of the once-lauded entrepreneurs hanging in the balance.
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By Brendan Pierson
Lawyers for Theranos founder Elizabeth Holmes and company President Ramesh "Sunny" Balwani on Tuesday urged a federal appeals court to overturn their convictions for defrauding investors in the failed blood testing startup, which was once valued at $9 billion.
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