Ninth Circuit Denies Elizabeth Holmes Criminal Appeal Rehearing

Elizabeth Holmes, founder and former CEO of Theranos, lost her final bid to have her 2022 fraud conviction reheard by the Ninth Circuit Court of Appeals, which unanimously denied her requests for both a panel and en banc rehearing. Holmes, who was found guilty of deceiving investors about Theranos' blood-testing technology and sentenced to over 11 years in prison, now has the U.S. Supreme Court as her only remaining option to challenge her conviction. The court noted that no judge requested a vote to rehear the case, effectively ending her appeals at the circuit court level. Holmes has been serving her prison sentence since May 2023 in Texas, with some reductions in her time served. The Theranos scandal, which began with Holmes' promises to revolutionize medical testing, ended with the company's collapse and significant restitution orders against Holmes and her former partner Ramesh "Sunny" Balwani. This ruling marks a pivotal moment concluding this high-profile legal saga.