Theranos founder Elizabeth Holmes' fraud convictions upheld

ClickOnThis writes: Elizabeth Holmes' fraud conviction has been upheld by a federal appellate panel. From the article:

A three-judge panel of the 9th U.S. Circuit Court of Appeals on Monday affirmed the convictions, sentences and nine-figure restitution ordered against both Holmes and Theranos president, Ramesh “Sunny” Balwani.

[...] Theranos was supposedly going to revolutionize medical laboratory testing with the ability to run fast, accurate and affordable tests with just a drop of blood from a finger prick. “But the vision sold by Holmes and Balwani was nothing more than a mirage,” 9th Circuit Judge Jacqueline H. Nguyen wrote for the panel, adding that the “grandiose achievements touted by Holmes and Balwani were half-truths and outright lies.”