Her company, a Silicon Valley sensation, claimed it could test for dozens of diseases from a single blood test, but when the tech turned out to be flawed, the founder was jailed for more than 11 years.
of three counts of investor fraud and one count of conspiracy in November, following a four-month trial.
Theranos, a Silicon Valley sensation, promised to test for dozens of diseases from a single blood test, but was found to have flawed technology.Holmes, and her former partner and subordinate,, were accused of fleecing investors who backed the company to the tune of nearly $1bn , at the same time as endangering patients' health.
Balwani, 57, is serving a nearly 13-year prison sentence after being convicted of 12 counts of fraud and conspiracy. A judge in San Francisco upheld Holmes's lawyers' appeal against a lower court's decision on Wednesday to deny her release while she appeals her original fraud conviction. Earlier this month, Judge Edward Davila rejected an appeal for her to be released pending further appeals and told her to report to a minimum-security prison near Houston on Thursday.
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